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Howdy, and welcome again to Fairness, the podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

That is our interview present, the place we sit down with attention-grabbing, educated folks and dive deep into their favourite subjects. This time round, we invited Cowboy Ventures’ Aileen Lee to speak by her huge new article regarding the unicorn world. In the event you didn’t know, it was Lee who initially coined the time period “unicorn” in a TechCrunch article again in 2013.

Lee talked us by the info and taught us all types of latest phrases. You may kind of perceive what one means after they say “unicorpse” or “zombiecorn,” however apparently there are much more unique unicorn varieties on the market. We even wound up evaluating enterprise capital returns to peaches in a bucket of piss (her phrases, not ours!).

We additionally talked about the place unicorns are primarily based in the present day (19% in New York, for instance), and why seed rounds are getting greater. However actually, you need to learn her put up when you pay attention so you possibly can have all of the context whereas we chew by the numbers!

And for these of you who’re right here for the reply to our query, “How are Fortune 500 corporations ranked?”, nicely, the reply is income and never market cap!