Learn English – What does “in the world of unicorns” mean

phrase-meaning

I was reading one article where founder was talking about his failure due to inability to raise money for his startup. He says:

Every investor is chasing something shiny, they do not care for the ecosystem at all. In the world of unicorns it is really hard to see any other animal.

What does "in the world of unicorns" mean here?

Best Answer

It is a recent neologism used in financial contexts to refer to:

  • A unicorn, in the world of business, is a company, usually a start-up that does not have an established performance record, with a stock market valuation or estimated valuation of more than $1 billion.

(Investopedia)

The "world of unicorns" is the business world of start-up companies (usually tech companies) with a high (1 billion usd) net value.

Origin:

  • The use of the term in relation to business was first made by venture capitalist Aileen Lee in 2013 and has become part of the lexicon for public and private investors, entrepreneurs and anyone working in the technology industry.

(www.techworld.com)

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