Since venture capitalist Aileen Lee first used the term “unicorn club” to refer to a group of billion-dollar software companies in the US in 2013, a number of other animals – both real and mythical – such as zebras, rhinos, dragons, and phoenixes have become part of the startup scene’s vernacular. But what do they actually mean?

In this episode of Tech in Asia Explains, Asia Partners managing partner Nick Nash and RedDoorz founder Amit Saberwal let the cat out of the bag, discussing the emergence of these terms and explaining how they’re applied in a business context.

Tech in Asia Explains is a Tech in Asia Originals series that dives into everything that budding entrepreneurs need to know about starting up a business, getting insights from leading personalities from within the industry.