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Funding and ownership

Unicorn

A privately owned startup valued at a billion dollars or more.

A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.

You'll hear it as

They hit unicorn status after the Series C.

Why it matters to you.

A unicorn valuation is on paper. Plenty have later sold for far less, and their staff's options with them.

Related terms.

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