Not so rare, anymore.
Unicorn, to state the overstated, is the title given to start-ups valued at over $1 billion dollars. First used by Aileen Lee, the founder of Cowboy Ventures, the idea was to indicate how rare such start-ups were. Today, a lot more companies are entering the list than was probably imagined when Lee used the term.
But, here’s the thing.
In 2015, Fortune called the unicorn list “the most exclusive boy’s club”. And it was (is).