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PALO ALTO, U.S./TOKYO — The business model of unicorn companies, which prioritizes growth on the back of ample funds, has come to a turning point, as some major unicorns are struggling in the face of monetary policy tightening overseas.
The term “unicorn” was first used in a 2013 article by the U.S. angel investor Aileen Lee, referring to privately owned startups valued at more than $1 billion.
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