A company that has been founded after 2003 and that has a current valuation of more than 1 billion USD is referred to as in the industry by which term?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1, i.e. Unicorn Startup Company
- The term unicorn was coined in the year 2003 by the founder of Cowboy Ventures, Aileen Lee when she referred to the 39 startups that had a valuation of more than $1 billion as unicorns.
- The term was used to put an emphasis on the rarity of such startups.
- The definition of a unicorn startup has remained the same since then.
- A unicorn is a startup company founded after 2003 which has a current valuation of more than $1 billion.