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The term “unicorn” has migrated from fantasy into the adult financial world to describe privately held startups valued at over \$1 billion. Coined in 2013, this label signifies a rare, high-growth company, with examples like SpaceX and Stripe dominating the landscape. Driven by low interest rates and the rise of venture capital, these entities have reshaped entrepreneurship. However, recent market corrections and economic instability prove that these mythical giants are not immune to reality; many have faced steep valuation cuts, correcting the inflated perception surrounding them.
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