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Hectocorn Company Meaning + Hectocorn Company List

Writing for Techcrunch in 2013, Aileen Lee, an American venture capitalist, coined the now frequently used word ‘Unicorn’.

Unicorns, as we all know now, are companies valued at more than $1 billion. Similarly, Decacorns & Hectocorns are sister terms of ‘Unicorn’. 

Decacorns are companies having a valuation of more than $10 billion. Hectacorns are companies having a valuation of more than $100 billion. As of 2022, only two companies — ByteDance & SpaceX — are part of this elite club of Hectocorn companies. 

ByteDance, the parent company of Tik Tok, was the first company to become a Hectocorn after it was valued at more than $100 billion in May 2020. SpaceX exceeded the $100 valuation mark in October 2021, becoming the second Hectocorn. 

It is important to note that these Hectocorn’s are private companies; not listed on the stock market. Stripe, privately valued at $95 billion, will most likely become the third member of the Hectocorn club.

In terms of country-wise distribution, one Hectocorn is based in the US and the other is from China.

List of Hectocorn Companies

Company FundingValuationCountryIndustry
ByteDance $9.4 billion$140 billionChinaAritificial Intelligence
SpaceX$7.7 billion$100.3 billionUnited StatesSpace
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Hectocorn Company Meaning + Hectocorn Company List
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Hectocorn Company Meaning + Hectocorn Company List
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Hectacorns are companies having a valuation of more than $100 billion. As of 2022, only two companies — ByteDance & SpaceX — are part of this elite club of Hectocorn companies. It is important to note that both these Hectocorn’s are private companies; not listed on the stock market.
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Hectocorn Company Meaning + Hectocorn Company List
Article Name
Hectocorn Company Meaning + Hectocorn Company List
Description
Hectacorns are companies having a valuation of more than $100 billion. As of 2022, only two companies — ByteDance & SpaceX — are part of this elite club of Hectocorn companies. It is important to note that both these Hectocorn’s are private companies; not listed on the stock market.
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WhatIsTheBusinessModelOf
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