When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a VC-backed company valued at $1 billion or more, it was a fitting description of an exceptionally rare phenomenon, with around 40 companies in the world holding such title. While unicorn status is still rare, the booming tech market has made unicorn companies more commonplace. The infographics below – the first as of January 2014, and the second as of August 2017 – show how the number of VC-backed private companies valued at $1 billion or more has increased dramatically.
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