![](https://cdn.prod.website-files.com/631edaf18a5b0670f6bedc4f/632006324905b55285b7be8d_wilmer-martinez-8WR86Z_mLms-unsplash.jpg)
Charmaine Teoh
![Charmaine Teoh](https://cdn.prod.website-files.com/631edaf18a5b0670f6bedc4f/6320144499643a366ed80bb2_charm.webp)
In the realm of venture capital and familiarised by many venture capitalists, a unicorn is literally as the name suggests- rare, magical and powerful, and is a honorary title that is bestowed upon startup companies that are worth more than $1 billion without having to go public on the stock exchange. As of 2022, there are more than 1,170 unicorns in the world. To name a few, we have SpaceX, ByteDance, Stripe and Ripple. Australian-based unicorn startup companies include Canva, Immutable and LinkTree.