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Fortune

Ivana Pino

Billion-dollar beauties: Unicorn companies and if you should invest

Photo illustration of a unicorn with a horn made out of money. (Credit: Photo illustration by Victoria Ellis/Fortune; Original photo by Getty Images)

In the world of investing, a growing number of starup companies have reached billion-dollar valuations; they’re called unicorns. But what does it take to be part of this club, and should investors put funds behind them? Let’s start with the basics.

What is a unicorn?

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