Decacorn: Definition, Differences, and Examples of Companies

If you are in the startup world, you will definitely be familiar with this term.

Decacorns are often seen as the pinnacle of success for startups, as they represent the ultimate milestone in terms of growth and valuation. 

However, it is important to remember that achieving Decacorn status is not the only measure of a startup's success.

Many successful companies have achieved lower valuations but still have a significant impact on their industry and the world.

The following is a complete explanation of the term decacorn.

Definition of Decacorns

Decacorn is the term used to describe private startups that have reached a valuation of over $10 billion. The term is a play on the word "unicorn", which is used to describe startups with a valuation of over $1 billion.

Decacorn represents companies that have achieved extraordinary levels of growth and success. They are usually led by visionary founders who are able to identify and capitalize on key market trends.

To achieve Decacorn status, a startup usually needs to have a disruptive business model or technology capable of capturing a significantly large market. They also need to have a strong team of employees capable of carrying out the company's vision and driving growth.

Decacorn differences

Besides decacorn, there are also other terms such as unicorn and hectacorn. Where is the difference?

• Unicorn: Unicorns are startup companies with a valuation of over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee.
• Decacorns: Decacorn is a startup company with a valuation of over $10 billion. This is a rarer accomplishment, with only a handful of companies achieving this status.
• Hectacorns: Hectacorn is a startup company with a valuation of over $100 billion. This is an even rarer accomplishment, with only a handful of companies currently achieving this status. Examples of hectacorns include Apple, Amazon, and Microsoft.

The main difference between these terms is the valuation of the start-up company. Unicorns are worth over $1 billion, decacorns are worth over $10 billion, and hectacorns are worth over $100 billion. 

These terms are used to describe the level of success and valuation of start-up companies, with higher ratings indicating greater success and potential for growth.

Decacorn startup example

The following are some examples of startups that have reached the decacorn level:

1. SpaceX
2. AirBnB
3. Epic Games
4. Grab
5. Gojek

That's an explanation about decacorns, I hope this is useful.