Silicon Valley chases unicorns, but should global entrepreneurship efforts look for them?

Many dismiss the term "unicorn" — companies with billion-dollar valuations — as meaningless Silicon Valley jargon. Still, this billion-dollar valuation is presented as a benchmark for breakout success in the startup industry. But should it play a role in discussions about global entrepreneurship or is there a better question to be asking?

About the author

  • Catherine Cheney

    Catherine Cheney is a Senior Reporter for Devex. She covers the West Coast of the U.S., focusing on the role of technology, innovation, and philanthropy in achieving the Sustainable Development Goals. And she frequently represents Devex as a speaker and moderator. Prior to joining Devex, Catherine earned her bachelor’s and master’s degrees from Yale University, worked as a web producer for POLITICO and reporter for World Politics Review, and helped to launch NationSwell. Catherine has reported domestically and internationally for outlets including The Atlantic and the Washington Post. Outside of her own reporting, Catherine also supports other journalists to cover what is working, through her work with the Solutions Journalism Network.