In recent years, there has been a lot of talk about "unicorn" companies. But where did the term come from, and what does it mean for the future of the startup industry? A unicorn company is a privately held startup company valued at over $1 billion. The term was first coined in 2013 by venture capital firm A16z, and since then, it has become a household name in the business world.

So, why is the startup industry so important to the economy? Startups are important because they are the primary drivers of innovation. They are constantly churning out new products and services that can change the world as we know it. And while not every startup will become a unicorn, the ones that do can have a massive impact on the economy.

It's no secret that the startup industry has been on the rise in recent years. In fact, since 2010, there have been over 2,500 unicorns created worldwide. That's an incredible feat, considering that there were only around 60 unicorns back in 2013. So, what's driving this growth? And why are so many startups becoming unicorns?