At present, there are around 326 private companies around the world valued at $1B+. In fact, there are more startups raising angel funding with dreams to become the next unicorn of the year. Becoming a unicorn is not an easy job, it takes a hell lot of time, planning, strategies, sleepless nights and much more. In this process, a very few achieve, some sustain and a lot of them fail.
There are some common characteristics that every unicorn company shares. Most unicorn start-ups have disrupted the industry they belong to and have maintained their positioning by constantly innovating and improving the service they offer. In addition to it, they are very much consumer focused.