Decacorn is the new buzzword of the start-up world.
Coined by Bloomberg in 2015, Decacorn refers to the new breed start-ups that are worth US$10 billion or more.
In late 2013, only Facebook was in this category, but as of today SpaceX, Palantir, Lyft, Uber, Airbnb, Ant Financials, WeWork, and a dozen others have made it to that list, while some early entrants headed out from there for their IPO.
Tech startups worth US$1 billion are often referred to as Unicorns. Today, there are more than 200 of them around and fast increasing, creating wealth for their founders, early employees and investors like never before.
Unicorns and Decacorns might be imaginary, but this new generation of disruptive technology start-ups with rapid innovation cycle led adoption curves is not a myth, but a reality – the new normal - changing for good the way we live, work, and play on this planet .