Decacorn

Definition

A startup valued at over ten billion dollars, because apparently unicorn wasn't exclusive enough and Silicon Valley needed a word that makes mythological creatures sound like a tiered loyalty program. Next up: hectocorn, at which point we're just making up zoo animals.

Example Usage

"Our company is a decacorn now, which means we're ten times more imaginary than a regular unicorn, and our employees still can't afford to live in the city where we're headquartered."

Related Terms

Advanced

phantom equity

Fake stock that feels like ownership but isn't, giving employees the illusion of having skin in the game without actual legal rights. It's participation trophy capitalism.

🚀 Startup / VC

Intermediate

pattern matching

When VCs make investment decisions based on superficial similarities to previous successful startups rather than rigorous analysis. It's why they love Stanford dropouts building social apps in their dorm rooms.

🚀 Startup / VC

Advanced

down round protection

A contractual mechanism that shields early investors from dilution when a startup raises money at a lower valuation than previous rounds. It's basically insurance against your company becoming less cool than you thought it was.

🚀 Startup / VC

Advanced

double trigger acceleration

Vesting acceleration that requires two events—typically an acquisition plus termination—before unvested shares become immediately vested. Single trigger's more reasonable younger sibling.

🚀 Startup / VC

Intermediate

dilute

The art of watering down your ownership stake in a company, usually because someone with deeper pockets decided your equity pie needs more slices. In the startup world, this happens when new investors come aboard and everyone's percentage shrinks faster than your enthusiasm during Series D. It's not personal, it's just cap table mathematics.

🚀 Startup / VC

Advanced

equity kicker

Warrants or stock options added as sweetener to a debt deal, giving lenders upside if the company succeeds. Because apparently charging interest isn't enough—they want a piece of the action too.

🚀 Startup / VC

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