What comes after unicorns and centaurs?

Once upon a time, reaching a $1 billion valuation was a Big Deal. But the shine that a so-called unicorn valuation conferred on a startup eroded as more and more private companies reached the threshold — often with less and less to back it up.
TechCrunch, where the term “unicorn” was born, noted the dilution of the denomination by working to collect notes instead on startups that had reached a $100 million revenue run rate, often measured in the form of annual recurring revenue, or ARR.
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