Unicorns Are The Rarest Startups Around

There are a million and one startups in existence. Some will make it past startup status and become full-fledged, self-sufficient companies worth more than their initial value. Others will not and ultimately fail.

Yet a select few startups will do so well that they become worth over $1 Billion. These startups come once in a blue moon. Though you might be familiar with a few, achieving a valuation over $1 Billion is an incredibly rare feat.

That’s why these companies are called “unicorns.”

What’s a unicorn, and why does it matter?

Cowboy Ventures’ Aileen Lee originally coined the term “unicorn” in 2013. Lee originally used the term to describe statistically rare companies, as a startup has an estimated  .00006% chance of becoming a billion-dollar company.

At the time, there were only 39 unicorns on the market. Today, there are over 490 unicorns around the world.

-Republic Investor Education

(Full article linked below)

https://republic.co/blog/investor-education/unicorns-are-the-rarest-startups-around