Browse Definitions :
Definition

unicorn

Contributor(s): Ivy Wigmore

A unicorn, in an investment context, is a tech startup that is assessed at a valuation of $1 billion or more; companies valued at more than $10 billion are sometimes called decacorns and those valued over $100 billion are called super unicorns.

Cowboy Ventures founder Aileen Lee first used unicorn in a financial context in a November 2013 TechCrunch blog post, “Welcome to the Unicorn Club.” At that time, Lee identified 39 unicorns, including Facebook, Dropbox, Pinterest, Yammer, LinkedIn and Instagram. Research firm CB Insights, which maintains a current list, put the number of unicorns in the world at 140 in October 2015.

References to unicorns by venture capitalists have become increasingly common as the economy has gotten better. According to many investment experts, the burgeoning market for Internet of Things (IoT) products and technologies is likely to make the number of unicorns increase exponentially over the next several years.

In mythology, a unicorn is an elusive horse-like creature with magical powers. In human resource management (HRM), the term has been used for many years to describe a job candidate who has a very particular and very desirable skill set. A unicorn may also be called a purple squirrel, another metaphor used to describe the rare candidate who has exactly the right hard skills, soft skills and experience. 

This was last updated in August 2017

Continue Reading About unicorn

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • California Consumer Privacy Act (CCPA)

    The California Consumer Privacy Act (CCPA) is legislation in the state of California that supports an individual's right to ...

  • compliance audit

    A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines.

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

SearchSecurity

  • endpoint detection and response (EDR)

    Endpoint detection and response (EDR) is a category of tools and technology used for protecting computer hardware devices–called ...

  • ransomware

    Ransomware is a subset of malware in which the data on a victim's computer is locked, typically by encryption, and payment is ...

  • single sign-on (SSO)

    Single sign-on (SSO) is a session and user authentication service that permits an end user to enter one set of login credentials ...

SearchHealthIT

SearchDisasterRecovery

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

  • business continuity software

    Business continuity software is an application or suite designed to make business continuity planning/business continuity ...

SearchStorage

  • blockchain storage

    Blockchain storage is a way of saving data in a decentralized network which utilizes the unused hard disk space of users across ...

  • disk mirroring (RAID 1)

    RAID 1 is one of the most common RAID levels and the most reliable. Data is written to two places simultaneously, so if one disk ...

  • RAID controller

    A RAID controller is a hardware device or software program used to manage hard disk drives (HDDs) or solid-state drives (SSDs) in...

Close