Unicorn which is supposed to be rare is known to many people working in tech or general investment community. Let's look at Wikipedia definition: The unicorn is a legendary creature that has been described since antiquity as a beast with a single large, pointed, spiraling horn projecting from its forehead. In private market (per-IPO) unicorn means startup which has billion $ valuation before IPO. This used to be very rare and hence association with unicorn! Based on latest Google search, there are over 300 "unicorns" (it used to around 100 in 2015). Let's look at journey of these unicorns from "Hope, Hype and Reality"! Hope: By definition, startups are all about hope of starting something new, changing the industry and world and improving lives of billion people. They are also about dreams of founders and employees to make big in terms of monetary rewards. VC community is able to fund these with initial capital, guidance and groom them to become
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