[codingdave]

"Unicorn" is a term meaning a billion dollar valuation, without being listed as a stock. If I go spend a billion dollars on a company it is a unicorn, even if has zero success or sustainability.

So of course there are fewer unicorns outside of SV. The entire concept of a unicorn is tightly coupled to VC dollars.

[lotsofpulp]

Do you even have to spend $1B? If you spend $100M for 10% or $10M for 1% of the company will get you to “unicorn” status, technically.

[codingdave]

Lets go all the way then - if I spend one dollar on one billionth of a company, it is a unicorn.

OK, someone go launch UaaS - Unicorn as a Service: I'll buy a billionth of any company for a dolla, and you get to claim to be the latest unicorn!

[rmbyrro]

Convincing someone to pay $100 million for 10% of a business is quite a feat. Not for average joes.

[codingdave]

Yeah, sorry if my jest wasn't clearly jesting. I'm actually not overly concerned with successful VC-backed companies, I'm just pointing out that the term "unicorn" is fairly contrived.