1. Unicorn
(Source: Statista)
Aileen Lee, a former Kleiner Perkins partner, coined the term unicorn to mean successful startups that reached a valuation of more than $1 billion.
2. Decacorns
(Source: CB Insights)
• Decacorns are unicorns with valuations of $10 billion and above, making them some of the most successful startups.
• The most valuable unicorn in the world is Toutiao (Bytedance)
• At number 2 and 3, we have Didi Chuxing ($56 billion) and Space X ($46 billion)
Bytedance is the Beijing-based parent company behind TikTok. They are a news and information platform. Didi Chuxing specializes in ride-sharing, AI, and autonomous tech.
Space X needs no introduction.
If anyone is going to Mars, it’s those guys that will be taking us there.
3. Hectocorns
(Source: CB Insights)
• At a valuation of $140 billion, Bytedance is one of the only two known hectocorns
• A hectocorn refers to a unicorn company with a valuation that exceeds $100 billion
• The other hectocorn is ANT Financial, with a valuation of $150 billion as of April 2018.