A unicorn is a privately held startup company valued at over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. A decacorn is a word used for those companies over $10 billion, while hectocornis the appropriate term for such a company valued over $100 billion. According to TechCrunch, there were 279 unicorns as of March 2018. The largest unicorns included Ant Financial, Didi Chuxing, Uber, Xiaomi, Airbnb, Palantir, and Pinterest. Dropbox is the most recent decacorn that turned into a public company on March 23, 2018.
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