Venture Capitalists Can't Distinguish Between Rarities and Myths

Unicorns aren't just hard to find, they're literally non-existent.
Author:
Updated:
Original:

Venture capitalists invest in companies in search of breakout hits that attract millions of users, billions in sales and enormous valuations. These rarities, called unicorns, have grown in size and number as investors chasing returns have bid up their value. More than 70 technology companies are now valued at $1 billion or more, and the number is growing quickly. Several of the best-known Silicon Valley companies listed below are worth over $10 billion.

u·ni·corn noun

  1. a mythical animal typically represented as a horse with a single straight horn projecting from its forehead.

    The Rise of the ‘Unicorns’ [NYT]

Related

Credit Suisse: It's A Tech Bubble, Stupid

Unicorns are suddenly everywhere, and that is literally nonsense.

New Venture Firm With Terribly Misguided Name Will Focus On Unicorns In Asia

It is unclear if Unicorn Capital Partners will rely on Leprechaun gold for funding.

Jay-VC

Jay-Z About To Take Over Silicon Valley With Launch Of "Hey Nerds I'm Married To Beyoncé Venture Partners"

No, J-Hova would LOVE to hear more about your messaging app that's still in beta.

Juicero

One Year Later, Dumb Silicon Valley Juice Startup Turns Out To Be Even Dumber

In which we learn that Juicero is still somehow something that exists.