Venture-backed private companies (founded after 2003) that have grown in value to at least $1 billion are commonly referred to as ______________.
A) Superstars
B) Rockstars
C) Unicorns
D) Unsustainable

Question

Quizplus · Accepted Answer

The term "unicorn" has been used to describe venture-backed private companies that have achieved a valuation of at least $1 billion since the venture capitalist Aileen Lee coined the term in 2013. "Superstars" and "rockstars" are not commonly used terms for this category of companies. "Unsustainable" may or may not be an appropriate term for a particular unicorn, but it does not describe the entire category.

Venture-Backed Private Companies (Founded After 2003) That Have Grown in Value