n. A technology company that is less than ten years old and worth more than ten billion dollars.
Also Seen As
Billion-dollar companies join a club of "unicorns," a term used to explain how rare they are. But there are more than 50 of them now. There's a new buzzword, "decacorn," for those over $10 billion, which includes Airbnb, Dropbox, Pinterest, Snapchat, and Uber.
—Sarah Frier & Eric Newcomer, “The Fuzzy, Insane Math That's Creating So Many Billion-Dollar Tech Companies,” Bloomberg Business, March 17, 2015
From Uber to Airbnb, SpaceX and Slack, you are nothing if you are not valued at over US$1bn apparently. There is even a more rarefied class — the decacorn — those valued at US$10bn and more.
—John Kennedy, “The mythical world of unicorns — 80 tech start-ups today valued at over US$1bn,” Silicon Republic, January 23, 2015
It would be my third "unicorn" story in the past two weeks, following online ticketing platform Eventbrite last Thursday and mobile messaging company Tango yesterday morning. Or my fourth, if you include my Q&A with Castlight investor Bryan Roberts. And I couldn't even find time to write about Airbnb's apparent efforts to raise at a whopping $10 billion valuation (i.e., the much mythologized Decacorn).
—Dan Primack, “Are we overplaying the 'unicorn' game?,” Fortune, March 21, 2014
2013 (earliest)
Useful terminology for startup outcomes:
"Unicorn" = $1B+ company
"Decicorn" = $10B+ company
"Centicorn" = $100B+ company
(Via @briansin)
—David Sacks, “Useful terminology…,” Twitter, December 07, 2013
A thousand thanks (that's a ten-billion thank-you valuation) to Chris Aldrich for spying this term.