A billion dollar software tech company is founded every 3 months *in U.S.
Ron Conway once said: “There’s a billion company created every 3 months. Now, it is every 2 months”. I finally got the chance compile “The Billion Dollar” list. I tried to limit this list to only software tech companies. I also included a couple of near billion dollar companies (~0.7 B and above).
Update: I should clarify that in the context of the quote, he was mostly talking about mostly software tech companies founded (or for the most part operated) in US. There will be plenty of companies outside US (especially China) that will make the list much longer.
He was mostly right. Kind of.
There are about 4 billion dollar software tech companies founded every year, with the exception of 2000-2002.
There was a drought in 2000-2002 because of the dot-com bubble crash. Things started picking up again in late 2003 (Skype in Aug). 2004 became the return of the dot-com era (Facebook, Palantir, Yelp, Evernote).
Update: After the new additions, it seems that 2002 was the drought year.
Look around you. A billion dollar company was born within the last 3 months.
This means that there are about 8 companies in 2011 and 2012 that will become the next big thing. They are not big yet, but we will realize their value in years to come. I have included some companies founded in 2009 and 2010 that I think have the potential. It is much harder to hedge my bets on companies founded in 2011 and 2012.
Update: Google Docs to update new companies. Thanks phreeza (HN)
SolarWinds19983.9 BNetSuite19984.3 BVMware199837 BOpenTable1998 Jul1 BGoogle1998 Sep210 BRackspace1998 Oct8 BPayPal1998 Dec1.5 B^ Zappos19991.2 B^SurveyMonkey19991 B*Opsware19991.6 B^SalesForce1999 Mar19 BShutterfly1999 Dec0.9 B Netezza20001.7 B^ArcSight20001.5 B^ExactTarget20001.3 BBillMeLater20000.9 B^Pandora2000 Jan1.3 BTripAdvisor2000 Feb4.8 B SuccessFactors20013.4 B^Guidewire20011.5 BDealerTrack20011.1 B Jive2001 Feb0.8 B Kiva Systems20000.8 B^LinkedIn2002 Dec10 B ServiceNow20033.7 B Skype2003 Aug8.5 B^Glam Media2003 Sep0.7 B* Palantir20042.5 B*Splunk20042.6 BKayak2004 Jan1.8 BFacebook2004 Feb41 BEvernote2004 Sep1 B*Yelp2004 Oct1.1 B Palo Alto Networks20053.5 BBox20051.2 B*Zillow20050.7 BBebo2005 Jan0.85 B^HomeAway2005 Feb2 B*YouTube2005 Feb1.1 B^Workday2005 Mar7.7 B Millennial Media20061.2 BTwitter2006 Mar8 B*Demand Media2006 May0.7 B Nicira20071.2 BGilt Groupe2007 1 B*Tumblr2007 Feb0.8 B*Hulu2007 Mar2 B*Dropbox2007 Jun4 B*LivingSocial2007 Jul2.9 B*Zynga2007 Jul1.6 B Github2008 Feb0.8 B*AirBnb2008 Aug2.5 B*Yammer2008 Sep1.2 B^Groupon2008 Nov1.8 BPinterest2008/091 B* Square2009 Feb3.2 B*Storm82009 Mar1 B*Quora2009 Jun~GetAround2009 Sep~ Fab2010 Feb0.7 B*Instagram2010 Mar1 B^Stripe2010 Jun~Skillshare2010 Nov~
Market cap as a public listed company (Nov 2012)
*Rumored valuation based on “word on the street”
^Acquired value is the last acquisition value of the company (e.g. Skype was acquired multiple times)
~Included startups that I project to have a chance to be a billion dollar company
I cannot find all the exact founding dates for all the companies
Let me know if I missed any companies.
Updates: Added Github, Nicira, Workday, Splunk, ServiceNow, DealerTrack, Guidewire, SuccessFactors, ExactTarget, ArcSight, SolarWinds, VMware, Netezza, Millennial Media | Removed Vente Privee, Rovio, Spotify