In business, a unicorn refers to a privately held startup company valued at over $1 billion. It’s a goal for many startups but a rarity to say the least. Hence the name “unicorn.” Unicorns are often in the technology sector, showcasing innovation, rapid growth and disruptive potential. Their valuation is based on funding rounds from venture capitalists and investors who believe in the company’s future growth prospects, despite the challenges of reaching profitability. Just because a company reaches unicorn status doesn’t mean it’s safe. Many unicorns have died a painful death, and those compan…