Question

    What term is used to describe a startup company that

    achieves rapid growth and success?
    A Unicorn Correct Answer Incorrect Answer
    B Bootstrap Correct Answer Incorrect Answer
    C Angel investor Correct Answer Incorrect Answer
    D Crowdfunding Correct Answer Incorrect Answer
    E Pivot Correct Answer Incorrect Answer

    Solution

    In the startup world, a "unicorn" refers to a company that achieves exceptional growth and success, typically reaching a valuation of over $1 billion. This term is often used to describe startups that experience rapid expansion and disruption within their industry, becoming highly sought-after investment opportunities.

    Practice Next

    Relevant for Exams: