According to CB Insights there are 361 Unicorns in the world. A recent report in Strategy + Business reveals China has about 200 startups less than 10 years old and have valuations of 1B or more. 70% of them are preparing to go global.
Some one had to call it out. Fred Wilson did. Why call the “highly valued venture backed startups” Unicorns? In his post yesterday in his much read blog avc.com he suggests ‘Whales’ instead. Whales are rare but whales are real. Just like the highly valued startups.