When the term Unicorn was coined in 2013, by the founder of the Venture Capital (VC) firm Cowboy Ventures, the term carried massive reputation. This is because this select list then had a mere 39 names. Now, there are 145 active unicorns as per business intelligence provided by the Pitch Book. Neither does the club show any signs of regressing, because of the ample amounts of capital available in the market. Even the valuation step- ups are expected to be meatier than ever. It now takes a mere six years to reach this club as opposed to the seven- and- a- half it needed earlier on average. As a result of all this, the term no longer carries such a special significance.

Source:https://techcrunch.com/2018/11/16/unicorns-arent-special-anymore/

Uploaded Date:31st December 2018