Technology startups have seen huge success in recent years. In the past $1 billion valuation for a tech start up was considered to be a huge success. But with so many startups reaching this mark, the threshold has now been raised to $5 billion. Here are some of the most valuable startups of Silicon Valley.
Uber: $51 billion
Uber was founded by Travis Kalanick in 2009. The company developed an app for calling taxi. Using this app, the users can connect to the drivers of taxis. Uber offers different kinds of cars to for users. Users can call taxis of their choice; small cars or luxurious ones. Using Uber, the user gets connected to the nearest taxi driver so that the travel time is reduced. No cash is paid to the taxi drivers. They all have a Uber account and the taxi fare is deducted from their Uber account. This service has gained huge popularity recently. Companies like Google Ventures, Benchmark Capital, etc. have invested their money on this company.
Xiaomi: $46 billion
Xiaomi was founded in 2010 by Jun Lei. It is now considered to be one of the largest Chinese manufacturers of smartphones. These smartphones run very well on Android. Big investors like DST Global, Digital Sky Technologies, etc. have invested their money on this company.
Airbnb: $25.5 billion
Founded in 2008 by Brian Chesky, Airbnb offers a marketplace for people to rent their houses for temporary stay. This marketplace is now available in 190 countries. Investors like Anderssen Horowitz and Founders Fund have invested in this company.
Dropbox: $10 billion
Dropbox is now used by more than 25 million users across the globe to store and access their files. Investors like Y Combinator and Accel Partners have invested in this company.
The level of competition has increased among the tech startups. The success of the companies just mentioned will inspire the new startups to succeed in their ventures as well.