Unicorn Club refers to a startup that is owned privately and has a company valuation of over $1 Billion. Any privately owned company having a net value of over $1 billion can become a Unicorn Club member or a Unicorn Startup. Becoming a part of the Unicorn Club is a rare feat as companies with innovative ideas, good business plans and a solid vision for growth are the only ones who can get into the club. These companies also need good capital which is only possible by convincing venture capitalists and private investors about their companies' ideas and motives.