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6 years ago, the venture capitalist Aileen Lee coined the term “unicorn” to describe any privately-held startup worth $1 billion or more.
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At the time, such valuations were so rare that they deserved a special name.
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In recent times, unicorns have multiplied and investors have propped up the combined value of the world’s 326 unicorns to the tune of $1.1 trillion.
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ByteDance [TikTok] is the world’s largest unicorn at a $75 billion valuation. The company owns Toutiao, a popular machine-learning enabled content platform in China that customizes feeds based on a user’s reading preferences.
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Experts are estimating that over 100 unicorns could IPO in 2019, including Uber and Airbnb from the above list.
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The two most common sectors for unicorns are Internet Software Services and E-commerce.
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Nearly half of the world’s unicorns come from the U.S., but China also has an impressive roster of highly valued startups.
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Md Consulting 
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