Day: June 30, 2025
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Ultra-Unicorns: The $5B+ Startups Reshaping Private Markets
The rise of “Ultra-Unicorns”—private startups valued at over $5 billion—marks a transformative shift in how capital, talent, and innovation concentrate in today’s private markets. While the term “unicorn” (a startup valued at $1 billion or more) was first coined by Aileen Lee in 2013 to describe the rarity of such valuations, the landscape has since…