Ten years in the past At the moment, Aileen Lee of Cowboy Ventures wrote a column for TechCrunch that coined the time period “unicorn.”
Outlined on the time as “US-based software program firms began since 2003 and valued at over $1 billion by public or non-public market buyers,” the time period has since been expanded to incorporate all non-public startups valued at $1 billion or extra.
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Lee’s column helped the world categorize startups in a brand new manner, however it was additionally an indication of issues to return, because the world quickly noticed a dramatic acceleration within the variety of billion-dollar startups rooted in international expertise entrepreneurial hubs. In a follow-up to her 2015 column, Lee famous that since her unique column, her workforce discovered a “beautiful 115% improve” within the variety of unicorns price a complete of “$327 billion – 2.4x our final evaluation.” Fb unnoticed for apparent causes.