Every day hundreds of startups are coming up with fresh ideas and new promises. However, not all of them are lucky enough to get $1 billion valuation and get the coveted “Unicorn” Status.
Yet some are able to do it really, really fast.
Listed here are the top five companies that were able to cross $1 billion valuations quickly.
Slack is now synonymous with business communication. Launched in August 2013, it has since taken over the business world with more than 1.1 million daily active users. According to Slack, it is expected to hit around $30 million in annual sales.
When the app was launched, it reported that it had 8,000 customers signing up on it. In the beginning of 2015, the company announced that it had 10,000 new users signing up on the app every week and has more than 135,000 paying users. In April, these numbers grew to 200,000 paid subscribers and the total number of users was 750,000.
The Financial Times stated in March 2015 that the “Slack” happened to be first business aimed technology that transited from business to personal use since BlackBerry and Microsoft.
Groupon is an e-commerce marketplace that connects subscribers with local sellers and merchants offering travel, goods, services and activities. It is currently active in 28 countries.
Based in Chicago, Groupon was launched back in 2008 and was limited only to its home city. It expanded into New York City, Boston and later in Toronto, Canada. At the end of 2010, it was available across 150 cities in North America and was also being used in more than 100 cities in Europe, South America, and Asia.
Groupon may not have the same clout it had five years ago but it did gain a lot of traction and popularity. This led to its IPO. The company right now has more than 48 million customers and has 3$ billion revenue.
Akamai Technologies Inc. is an American content delivery network and cloud services provided. Akamai’s content delivery network is now one of the largest distributing computing platforms around the world and is single-handedly managing all 15-30% of all web traffic.
Its customers include Facebook, Apple, Valve, Twitter, Bing, Google, LinkedIn and Healthcare.gov to name a few.
The company operates a network of servers around the world and rents capacity on these servers to customers who want their websites to work faster by distributing content from locations close to the
Xiaomi has marked its territory in global smartphone market. Known fondly as “Apple of China”, it has a huge loyal fan base in China and its CEO Lei Jun is often seen dressed as the Late Steve Jobs. The name translates directly as “Millet Technology” and currently the company is producing and selling TVs, earphones, virtual reality gear and cameras among many other consumer electronics.
Twitter requires no introduction. Now among the biggest social media sites in the world, it boasts 316 million active users online. Though it is now facing some tough times, it still remains formidable.
Twitter is an online platform for social network and news. Users can interact and post messages that are known as tweets and can only use 140 characters. Headquarters of Twitter are in San Francisco, California and it also has offices in 25 cities across the world.
In 2012, it was reported that every day 340 million tweets a day.