A unicorn is defined as a rapid-growth private company that reaches a valuation of $1 billion or greater, typically within a relatively short period since its start-up, though the "within 10 years" part is not a strict criterion for all definitions.

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What Is a Unicorn

Question 6

Multiple Choice

What is a unicorn?

A) A rapid-growth private company that reaches a valuation of $1 billion or greater within 10 years of start-up
B) A rapid-growth private company that reaches a valuation of $1 million or greater within 10 years of start-up
C) A slow-growth private company that reaches a valuation of $1 billion or greater within 20 years of start-up
D) A medium-growth private company that reaches a valuation of $1 million or greater within 20 years of start-up

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