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Unicorn Ball. Sept 5th Run for the Roses. The industry's Top leaders. Rick Tumlinson Founding Partner, Spacefund. Bruce Porter Jr. Jonathan Keim Communications director networknewswire. Jonathan Leinwand Corporate Attorney. Ryan Munn Founder, Interchain Live. Don't miss out! Tickets are selling fast! Full Conference Passes to both days of the Expo. Bourbon With Billionaires — 8 hour Bourbon Trail outing featuring 3 exclusive distillery tours and catered lunch.

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Far from being merely mythological creatures, unicorns are a regular feature in popular business and finance discussions. Some familiar U. Fortune magazine, for example, has created a list with more than entries of current unicorns. When a company strives for the best employees for the job, its expectations may be far too lofty when compared to what's available in the labor pool.

Hiring managers may look for or hold out for candidates with much higher qualifications than what's required for the job. For example, a medium-sized firm may want to recruit someone who has marketing, social media, writing, sales, and management experience, and speaks three different languages. While it may be cost-effective to hire one person with all those skills instead of multiple employees to handle separate tasks, it may be too much for the new hire to handle and can lead to disappointment.

Investing Essentials. Career Advice. Your Money. Personal Finance. Your Practice. Popular Courses. What Is a Unicorn? The term was first coined by venture capitalist Aileen Lee. The term unicorn can also be used by human resources managers to describe their ideal candidates, who may be overqualified for a certain position. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Terms Venture Capital Definition Venture Capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.

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