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.

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