decacorn

[dek-uh-kawrn]

What does decacorn mean?

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A decacorn is a financial term for a relatively new company that is worth at least $10 billion.

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Examples of decacorn

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Examples of decacorn
The value of the company formerly known as Google rose by one Uber (or 5 decacorns) in the last hour
@mhelft, October, 2015

Indonesian ride-hailing service Go-Jek’s value was estimated at $10 billion by a U.S. market intelligence company, putting it in the ranks of startups called decacorns.

Karlas Salna, Bloomberg, April, 2019
Zindigo Daily Publication

Where does decacorn come from?

CNBC Indonesia

A unicorn is a mythical horse with a single horn protruding form its head. In 2013, venture capitalist Aileen Lee wrote an article for TechCrunch where she likened new companies (startups) valued at over $1 billion to unicorns—famously rare in legend, just like such companies.

By 2015, such unicorns had become more more common in the business world. So, a 2015 Business Insider article described companies valued at over $10 billion as decacorns, what Lee previously dubbed “super unicorns.” The article identified Airbnb, Uber, and Pinterest as decacorns, among others.

While the uni– in unicorn comes from the Latin-based prefix uni- (“one”), decacorn features the prefix deca, ultimately from the Greek word for “ten.” FYI, there are no decacorns in myth (horses with ten horns).

Companies valued at over $100 billion, like Google, Microsoft, and Amazon, are called hectocorns (hecto-, “hundred”), JSYK.

Who uses decacorn?

The term decacorn is principally found in tech and business media and discussions. As noted, it often refers to a relatively new, tech-based startup company that is privately owned (i.e., not (yet) publicly traded).

As of 2019, the platform CB Insights valued 17 companies as decacorns with China’s ByteDance (who owns TikTok) as the “fattest” decacorn at a $75 billion evaluation. Other notable decacorns include Airbnb ($29.3 billion) and Fortnite creator Epic Games ($15 billion).

Decacorns made news in 2019 as companies like Lyft, Uber, and Pinterest went public.

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