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.
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
Funding
Valuation
Country
Industry
ByteDance
$9.4 billion
$140 billion
China
Aritificial Intelligence
SpaceX
$7.7 billion
$100.3 billion
United States
Space
Summary
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.
Author
Muaaz Qadri
Publisher Name
WhatIsTheBusinessModelOf
Publisher Logo
Hey 👋
I'm a digital marketer working 5 days a week as a salaried employee & writing business blogs on weekends.
My goal is to turn this blog into a full-time gig. But for that to happen, I need it to generate as much revenue as my salary to protect the downside.
To be transparent, I currently make money with ads, but it isn't enough to transition to working full-time.
Why do I want to work full-time on the blog if I can carry on writing on the weekends?
Two reasons:
My blog gets more than 20000 monthly visitors, most of them through search. The only bottleneck to growth is the amount of time I'm able to dedicate to the project, so working full-time will help me scale and turn it into my primary income source.
Working on projects of my own opens the door to unlimited personal and financial growth.
