Dark horse in the context of "Startup company"

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⭐ Core Definition: Dark horse

A dark horse is a previously lesser-known person, team or thing that emerges to prominence in a situation, especially in a competition involving multiple rivals, that is unlikely to succeed but has a fighting chance, unlike the underdog who is expected to lose.

The term comes from horse racing and horse betting jargon for any new but promising horse. It has since found usage mostly in other sports, sports betting, and sports journalism and to lesser extent in nascent business environments, such as experimental technology and startup companies.

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In this Dossier

Dark horse in the context of 1920 United States presidential election

Presidential elections were held in the United States on November 2, 1920. The Republican ticket of senator Warren G. Harding of Ohio and governor Calvin Coolidge of Massachusetts defeated the Democratic ticket of governor James M. Cox of Ohio and assistant secretary Franklin D. Roosevelt of New York. It was the first election held after the end of the First World War, and the first election after the ratification of the Nineteenth Amendment gave nationwide suffrage to women.

Incumbent president Woodrow Wilson, a Democrat who had served since 1913, privately hoped for a third term despite severe physical and mental disabilities from a stroke, but he had very little support. Former president Theodore Roosevelt had been the frontrunner for the Republican nomination, but he died in 1919 without leaving an obvious heir to his progressive legacy. The major parties turned to little-known dark horse candidates from the state of Ohio, a populous swing state with many electoral votes. Cox won on the 44th ballot at the 1920 Democratic National Convention, defeating William Gibbs McAdoo (Wilson's son-in-law), A. Mitchell Palmer, and several other candidates. Harding emerged as a compromise candidate between the conservative and progressive wings of the Republican party, and he clinched his nomination on the tenth ballot at the 1920 Republican National Convention.

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Dark horse in the context of James K. Polk

James Knox Polk (/pk/; November 2, 1795 – June 15, 1849) was the 11th president of the United States, serving from 1845 to 1849. A protégé of Andrew Jackson and a member of the Democratic Party, he was an advocate of Jacksonian democracy and American expansionism. Polk saw Texas join the Union in his first year in office, one of the precipitating causes that soon led the U.S. into the Mexican–American War. The settlement of that war expanded American territory to the Pacific Ocean. During his term, the dispute over the Oregon Territory with the United Kingdom was also resolved, creating the present U.S.-Canadian boundary.

After building a successful law practice in Tennessee, Polk was elected to its state legislature in 1823 and then to the United States House of Representatives in 1825, becoming a strong supporter of Jackson. Following his tenure as chairman of the Ways and Means Committee, he became Speaker of the House in 1835, the only person to serve both as Speaker and U.S. president. Polk left Congress to run for governor of Tennessee, winning in 1839 but losing in 1841 and 1843. He was a dark-horse candidate in the 1844 presidential election as the Democratic Party nominee. Polk entered his party's convention as a potential nominee for vice president but emerged as a compromise to head the ticket when no presidential candidate could gain the necessary two-thirds majority. In the general election, he narrowly defeated Henry Clay of the Whig Party and pledged to serve only one term.

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Dark horse in the context of 1920 Republican National Convention

The 1920 Republican National Convention nominated Ohio Senator Warren G. Harding for president and Massachusetts Governor Calvin Coolidge for vice president. The convention was held in Chicago, Illinois, at the Chicago Coliseum from June 8 to June 12, 1920, with 940 delegates. Under convention rules, a majority plus one, or at least 471 of the 940 delegates, was necessary for a nomination.

Many Republicans sought the presidential nomination, including General Leonard Wood, Illinois Governor Frank Lowden and California Senator Hiram Johnson. Dark horse Harding, however, was nominated. Many wanted to nominate Wisconsin Senator Irvine L. Lenroot for vice president, but Coolidge was nominated instead, because he was known for his response to the Boston Police Strike in 1919.

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Dark horse in the context of 1852 United States presidential election

Presidential elections were held in the United States on November 2, 1852. Democratic nominee Franklin Pierce defeated Whig nominee General Winfield Scott.

Incumbent Whig President Millard Fillmore had succeeded to the presidency in 1850 upon the death of President Zachary Taylor. Fillmore endorsed the Compromise of 1850 and enforced the Fugitive Slave Law. This earned Fillmore Southern voter support and Northern voter opposition. On the 53rd ballot of the sectionally divided 1852 Whig National Convention, Scott defeated Fillmore for the nomination. Democrats divided among four major candidates at the 1852 Democratic National Convention. On the 49th ballot, dark horse candidate Franklin Pierce won nomination by consensus compromise. The Free Soil Party, a third party opposed to the extension of slavery in the United States and into the territories, nominated New Hampshire Senator John P. Hale.

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Dark horse in the context of Jimmy Carter

James Earl Carter Jr. (October 1, 1924 – December 29, 2024) was an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party, Carter served from 1971 to 1975 as the 76th governor of Georgia and from 1963 to 1967 in the Georgia State Senate. He is the longest-lived president in U.S. history and the only one to reach the age of 100.

Born in Plains, Georgia, Carter graduated from the U.S. Naval Academy in 1946 and joined the submarine service before returning to his family's peanut farm. He was active in the civil rights movement, then served as a state senator and the 76th governor, one of the first of the "New South governors" committed to desegregation. After announcing his candidacy in 1976, Carter secured the Democratic nomination as a dark horse little known outside his home state before narrowly defeating Republican incumbent Gerald Ford in the general election.

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Dark horse in the context of 1940 United States presidential election

Presidential elections were held in the United States on November 5, 1940. The Democratic ticket of incumbent President Franklin D. Roosevelt and Secretary of Agriculture Henry Wallace defeated the Republican ticket of businessman Wendell Willkie and senator Charles McNary to be reelected for an unprecedented third term in office. Until 1988, this was the last time in which the incumbent's party won three consecutive presidential elections. It was also the fourth presidential election in which both major party candidates were registered in the same home state; the others have been in 1860, 1904, 1920, 1944, and 2016.

The election was contested in the shadow of World War II in Europe, as the United States was finally emerging from the Great Depression. Roosevelt did not want to campaign for a third term initially, but was driven by worsening conditions in Europe. He and his allies sought to defuse challenges from other party leaders such as James Farley and Vice President John Nance Garner. The 1940 Democratic National Convention re-nominated Roosevelt on the first ballot, while Garner was replaced on the ticket by Secretary of Agriculture Henry A. Wallace. Willkie, a dark horse candidate, unexpectedly defeated conservative Senator Robert A. Taft and Manhattan District Attorney Thomas E. Dewey on the sixth presidential ballot of the 1940 Republican National Convention.

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