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by marssaxman 4097 days ago
What does "the chance of a unicorn" mean?
1 comments

Unicorn usually refers to a company valued at >$1 billion[1].

So if a scheme like this increases the odds of massive success enough, then the average return to everyone (even those 'taxed') under this progressive scheme would be higher than with a normal equity scheme and the reduced chance of a world-changing exit.

[1] http://fortune.com/unicorns/