The Unicorn Next Door

It has been almost a decade since Aileen Lee coined the term “unicorn” in reference to startup companies valued at—or over—one billion dollars. At the time, there were only 39 startups deemed unicorns by investors (see VC Who Invented Unicorn Label Sees Room For More, Despite ‘Crazy’ Birth Rate). Today there are over 740 startups deemed unicorns worldwide (see State Of Venture 2021 Report). 126 of these unicorns operate directly in the health care sector and are valued, in total, at more than $154 billion (see 2021 US VC Valuations Report and The Complete List Of Global HealthTech . . .