Question

Which of the following statements about a ‘unicorn' is/are correct? 1. In the venture capital industry, the term unicorn' refers to any startup that reaches the valuation of $10 billion. 2. Only a privately held startup can be a unicorn. Select the correct answer using the code given below.

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2
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