Understanding economic unicorns
Growing up, many are made aware of the mythical creature known as the one-horned horse: the unicorn. It is an elegant creature, in fact, as far as we know, nonexistent. Similarly, in the world of business, very large companies valued at $1 billion or more are labeled “unicorns.” They are few and rare (at least once upon a time) and last year was predicted to be the biggest year of unicorn discovery in United States history. What was once deemed a mythical creature has been brought to life.
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