스타트업을 주로 팀 채용을 목적으로 인수하는 미국 발 관행으로, 하이퍼스케일러들이 인재 확보를 위해 수십억 달러를 쏟아부으면서 AI 시대 글로벌 M&A를 재편하고 있다
A US-originated route for companies to list shares publicly without underwriters or new share issuance, used by Spotify, Coinbase, and others to bypass traditional IPO fees and lockups.
A down round is when a startup raises capital at a lower valuation than its last round, diluting founders and employees while triggering investor anti-dilution protections globally.
Committed but undeployed private capital held by VC and PE funds worldwide, now near US$3.7 trillion in PE alone, concentrated in mega-managers as smaller funds struggle to raise.
스타트업 창업자와 벤처 지원 이사회 간에 지배권·전략·승계를 둘러싸고 반복되는 지배구조 갈등은 글로벌 벤처캐피털 산업의 핵심 단층선이다.
The US venture capital firm managing approximately US$25 billion from Menlo Park, California, whose early bets on Snap and Affirm made it one of Silicon Valley's most consequential early-stage investors.
Platforms where founders, employees, and early investors in private companies sell shares before IPO, unlocking liquidity in a US$4 trillion global private-equity universe.
The first two rounds of US-origin institutional venture capital, now the global standard for startup financing, channeling billions annually from VC firms into early-growth companies worldwide.
Private investment in commercial space globally hit a record US$55.3 billion in 2025, driven by launch-cost collapse, defence demand, and US-China competition for orbital infrastructure.
US-originated blank-check shell companies that raise public capital before merging with a private target, offering a faster but sponsor-skewed alternative to a traditional IPO.
The dissolution of venture-backed companies, concentrated in the United States, has surged since 2022 as higher interest rates crushed valuations and zero-rate-era capital ran out.
The global market for technology companies going public, a cyclical barometer of risk appetite that drove US$47bn in US proceeds alone in 2025 and now awaits OpenAI and SpaceX.
기업가치 10억 달러 이상의 비상장 기업. 2026년 기준 전 세계 약 1,600개 유니콘의 4분의 3을 미국과 중국이 보유하고 있으며, 유니콘 가치평가는 글로벌 위험 선호도의 가늠자다.
The US startup accelerator that pioneered the modern seed-funding model, backing 200 companies a year from San Francisco and producing more unicorns than any peer.