Unicorn

What Is a Unicorn?

Definition and meaning of Unicorn

In IT, a unicorn refers to a challenge or firm with a completely unique potential. This broad term may be used to consult a corporation within the tech discipline that has experienced magNiFicent gains or to a mission that is, in some approaches, Groundbreaking or specific.

What Does Unicorn Mean?

The time period unicorn is maximum usually used to describe a enterprise, for Instance, a Silicon Valley Startup, that started out out small however has on account that multiplied its marketplace capitalization to, say, $1 billion or extra. Now, the tech industry has started the usage of the time period “splendid-unicorn” to explain a corporation that sticks out from the competition even more. For instance, the Social Media massive Facebook, which has a market capitalization of extra than $one hundred billion, is taken into consideration as a “incredible-unicorn among unicorns”; it began from a dorm room and, years later, is now a dominant technology company.

Let's improve Unicorn term definition knowledge

If you have a better way to define the term "Unicorn" or any additional information that could enhance this page, please share your thoughts with us.
We're always looking to improve and update our content. Your insights could help us provide a more accurate and comprehensive understanding of Unicorn.
Whether it's definition, Functional context or any other relevant details, your contribution would be greatly appreciated.
Thank you for helping us make this page better!