How startups are named based on valuation?

  • 1. Unicorn - a venture with $1 billion valuation
  • 2. Decacorn - a venture valued at $10billion
  • 3. Hectocorn - a venture valued at $100 billion valuation
  • The reason behind this is to define milestones in a startup's journey.
  • The first term i.e., unicorn was coined by venture investor Alieen Lee
  • These are future valuation and may not be real

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