The $10 Billion Club: Meet the 7 Most Valuable Startups in the U.S.
These are the Ubers and Airbnbs of the world, the startups that steadfastly remain private companies as they seek more millions in funding at higher and higher valuations.
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Over the past several years, we’ve seen a rise in private companies valued at more than a billion dollars — the so-called “unicorns.”
But when too many startups became unicorns, a new class of startups emerged: “,” companies valued at more than $10 billion.
These are the Ubers and Airbnbs of the world, the startups that steadfastly remain private companies as they seek more millions in funding at higher and higher valuations.
Following are the U.S. startups valued at more than $10 billion.
REUTERS/Danish SiddiquiUber
Valuation: $68 billion
CEO: Travis Kalanick
Uber is the most valuable startup in the U.S. and across the globe, outpacing the valuation of its arch-rival, Didi Chuxing, by nearly $20 billion.
The ride-hailing startup raised several billion dollars in recent years, including and in the form of a leveraged loan. Uber announced in May that it in the first quarter of 2017, a narrower loss than the $991 million that Uber lost in the prior three months. The company is also hunting for a new CFO with public company experience, a sign that Uber could be considering going public.
Finances aside, Uber has had a fraught 2017 amid reports of gender discrimination and sexual harassment, a string of executive departures and an acrimonious lawsuit by Waymo, the self-driving car firm spun out of Google, which has accused Uber of stealing its technology.
Mike Windle/GettyAirbnb
Valuation: $31 billion
CEO: Brian Chesky
Product Chief: Joe Gebbia
CTO: Nathan Blecharczyk
Home-rental startup Airbnb had a challenging 2016, but the company is still the second most-valuable startup in the U.S.
Airbnb faced legal setbacks in and last year, but also raised of funding and launched in November with the intent of becoming a more full-service travel company.
In March of 2017, Airbnb raised that valued the company at $31 billion. Now, Airbnb is reportedly on Spotify’s rumoured route to going public through a direct listing — if it goes well, we may see a publicly traded Airbnb stock next year.
Getty/Drew AngererPalantir
Valuation: $20 billion
CEO: Alex Karp
Palantir has raised about $2 billion in investment, reaching a $20 billion valuation last year. But despite (revenue under contract), Palantir may not be profitable yet.
The data-mining startup is notoriously secretive, and in June, reports surfaced that Palantir was buying back from employees in exchange for their silence.
Palantir is backed by the CIA’s venture-capital arm and is said to have worked with the government, at one point being implicated . It was also said to and help police sift through massive amounts of video, using facial recognition,
But Palantir recently ran into trouble with the Department of Labor, and the company settled allegations that its hiring practices for engineers discriminated against Asian people. It has to impacted employees.
Business InsiderWeWork
Valuation: $18 billion
Co-founders: Miguel McKelvey and Adam Neumann
Coworking startup WeWork raised $300 million in funding from SoftBank this past March, putting its valuation at about and making it the fourth-most-valuable startup in the U.S.
WeWork has hinted at going public in 2017, and may also buy up a few smaller companies in the meantime, .
TEDSpaceX
Valuation:
CEO: Elon Musk
After raising a $1 billion funding round from Fidelity and Google in January 2015, Elon Musk’s SpaceX reached a $12 billion valuation.
Less than a year later, SpaceX when it launched its Falcon 9 rocket into space, dropped off a satellite, then landed back on the ground safely. The success of the launch and landing proved , rather than letting them fall into the ocean.
But 2016 was a more challenging year for the company. In September, a SpaceX rocket during a launch-pad test, Facebook intended to lease. SpaceX has since delayed the debut of another, more powerful rocket system — the Falcon Heavy — and until 2018.
John Lamparski/GettyValuation: $11 billion
CEO: Ben Silbermann
In May 2015, Pinterest raised a $533 million Series G funding round from investors like Andreessen Horowitz, First Mark and Goldman Sachs, bumping the San Francisco-based company’s valuation up to .
The virtual discovery and pinning platform has more than monthly active users, more than half of whom are international. The company has expanded its focus in recent months to like the U.K., France, Germany, Japan and Brazil, and has doubled down on increasing the on its platform. Last August, Pinterest acquired online bookmarking service .
Rumors swirled throughout 2016 that Pinterest was on the brink of going public, and in October, the company named , a signal that Pinterest could be inching closer to an IPO.
Drew Angerer/Getty ImagesDropbox
Valuation: $10 billion
CEO: Drew Houston
Dropbox reached its $10 billion valuation in 2014 after a $617 million funding round. Since then, the company has shifted its focus to business customers, last year.
The company began to in 2016, something that was costing the company $25,000 per year per employee. While Dropbox doesn’t disclose its financials, it’s reported to have generated more than $500 million in revenue last year. CEO Drew Houston said in June that the company is , which is a milestone for a fast-growth tech company.
have pegged a Dropbox IPO as taking place sometime in 2017.
Over the past several years, we’ve seen a rise in private companies valued at more than a billion dollars — the so-called “unicorns.”
But when too many startups became unicorns, a new class of startups emerged: “,” companies valued at more than $10 billion.
These are the Ubers and Airbnbs of the world, the startups that steadfastly remain private companies as they seek more millions in funding at higher and higher valuations.
