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I think it has to be a startup, i.e. recently founded, hyper growth, usually VC-funded.

A company worth a lot of money that has existed for 80 years isn't a unicorn, it's just a company worth $1B+.



When is a startup not a startup anymore. Are Facebook and Google still startups?


I like Steve Blank's definition of a start-up: "a temporary organization used to search for a repeatable and scalable business model"

Once you're executing on a scalable business model, you're a regular business.


In my opinion they are not. They were and became unicorns, but they're not any longer, they are regular Fortune 500 corporations.




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