A decade ago, before the term was captured for the most successful type of entrepreneurs, academic Jeannie Parker’s book The Mythic Chinese Unicorn explained “how the myth of the unicorn began in China then gradually spread into other parts of Asia and Europe”.

Aileen Lee, a venture capitalist and American daughter of Chinese immigrants, captured the term unicorn in a November 2013 TechCrunch article – Welcome to the unicorn club: learning from billion-dollar startups.

Among venture capitalists at least, a unicorn…

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