A lot of the tech community is "magic" to the uninformed and uneducated. I think the term "unicorn" is a play on this sentiment.
There is nothing mythical about well funded startups having high valuations.
You don't stumble into one while galavanting through an enchanted forest.
You can't drink the blood of a successful SV CEO to prolong your life.
If you say "unicorn" in reference to tech startups I immediately assume you are a trendy idiot who's vocabulary doesn't extend past memes and buzzwords.
I've worked at several "unicorns", we all think you sound dumb.
edit: "you" is directed at the financial news community.
It's a misnomer, but is someone's attempt to define any tech company which is so far apart from the rest of the pack in terms of business practices and reach that they don't warrant being called 'yet another tech company'.
This usually involves under handedness, tax loopholes, and secret handshakes that 'normal' startups are too scared to execute on. 'Normal' startups have a market safety net to fall back on and can pivit anytime they want without much fanfare caused. Unicorns are not afforded this luxury because they are, well, unicorns.
There is nothing mythical about well funded startups having high valuations.
You don't stumble into one while galavanting through an enchanted forest.
You can't drink the blood of a successful SV CEO to prolong your life.
If you say "unicorn" in reference to tech startups I immediately assume you are a trendy idiot who's vocabulary doesn't extend past memes and buzzwords.
I've worked at several "unicorns", we all think you sound dumb.
edit: "you" is directed at the financial news community.