In the world of venture capitalism, funding comparisons are often drawn between startups and more “mature," publically traded companies. Interestingly enough, in one of the most prevalent comparisons, Facebook (FB), which is possibly the most controversial startup to date, now represents the standard for “old” tech companies.
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Startups Primed For IPOs
In what has been a relatively uneventful year for tech IPOs, a number of private startups continue to set record valuations in exchange for cheap capital. While few private tech companies have released IPO information, the following seven companies have grown quite rapidly and could prove to be lucrative investment opportunities for public traders.
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Profitless Snapchat To IPO
Snapchat, one of tech's most popular and fastest growing social media applications is planning to follow in the footsteps of its successful predecessors. Similar to how Mark Zuckerberg oversaw Facebook's (FB) IPO, Snapchat Co-Founder & CEO Evan Spiegel recently stated that Snapchat “need(s) to IPO." After releasing this juicy news, Spiegel later declared that Snapchat had also formed a strategic plan for doing so.
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The Battle For Ride-Sharing Supremacy
The battle of relevant ride-sharing companies has dwindled down to two fierce rivals: Uber and Lyft. These two companies have gained notoriety for their revolutionary transportation services and record valuations. As of now, Uber clearly maintains a larger market share than lyft; moreover, its $50 billion valuation has tied Facebook’s (FB) previous record as the most expensive private company to date.
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Uber Valuation To Surpass Facebook
The popular ride-sharing application Uber is looking to raise another $2 billion in private funding. According to reports, this would value the startup at $50 billion. If Uber can obtain these funds, it would make Uber the highest-valued private startup of all time. The only other privately owned startup to achieve such a high valuation before issuing an IPO was Facebook (FB), and it is now valued at $226 billion.
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Goldberg's SurveyMonkey Legacy
SurveyMonkey CEO Dave Goldberg unexpectedly passed away late Friday night due to head trauma from an exercise accident in Mexico. Goldberg was not just one of the most popular CEOs in the Silicon Valley, but he was also one of the most successful. Goldberg was married to Facebook (FB) COO Sheryl Sandberg and was just 47 years old at his time of passing.
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$2.8 Billion In One Year
Slack, a relatively new messaging and communications application, specifically aimed at increasing business efficiency, has announced that it recently raised $160 million in new funding at a valuation of $2.8 billion. Its investors include big VC names like Accel Partners, Andreessen Horowitz, Kleiner Perkins, and Google Ventures. To date, Slack has raised $340 million of working capital to fund expansionary business strategies.
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