Have you met the minotaurs? A minotaur — the term was coined by Axios editor-in-chief Nick Johnston — is a venture-backed company that has raised more than $1 billion in equity capital.
Details: We've found 55 of them, of whom 25 are American and 3 are in financial services. The biggest minotaur, by far, is Ant Financial, the Alibaba-backed financial-services giant. It owns Alipay, the enormous mobile payments service; it also owns the world's largest money-market fund.