Role of Unicorn Startups in Developing the Country's Startup Ecosystem

Unicorns play a vital role in country’s startup ecosystem development. Firstly, after a country’s startup produces its first unicorn software startup, it gains media popularity being covered by world’s famous publishers. Then it becomes more attravtive for both local and foreign investors such as venture capital funds and angel investors. Thirdly and most importantly it impacts the workforce market of the country by creating new jobs. This is apparent specifically in small countries where the number of unicorn startups per capita is pretty high. Unicorns help develop these small countries’ startup ecosystems and attract more investment by making the local investment market more sustainable for early-stage startups and by making the ecosystem more famous among foreign investors providing easy access to them for relatively late-stage startups.