According to a survey of small businesses conducted by the Federal Reserve Bank of New York, to process a loan, a small business has to spend at least 26 hours, approach 2.6 financial institutions, and submit 2.7 loan applications. Billion Dollar Unicorn club member OnDeck is trying to make a big difference in cutting all this effort.
Here is an interesting story of music recognition app provider Shazam, which has slowly made its spot in the Billion Dollar Unicorn club. Today, Shazam is a lot more than just a music recognition service.
According to a survey of small and medium businesses conducted by CAN Capitol, 38% of SMB owners plan to increase their advertising and marketing activities this year. Billion Dollar Unicorn club member HubSpot is a rising star in this market, focusing on the inbound marketing segment for these SMBs.
A Forrester research estimates the mobile payment market to grow to $90 billion in total spending in the US alone by the year 2017. One player making big waves in the market is Billion Dollar Unicorn club member Stripe.
There are several companies that have surprisingly reached the stature of Billion Dollar Unicorns without generating any revenues or any significant financial metric to boast of. The valuation of these companies are driven by operational metrics, future earnings potential, and venture firms who appear to have been thoroughly irresponsible by providing valuations that make no sense.
According to a report by Gartner, the enterprise backup recovery software market was worth $4.7 billion in 2013. BAAR, Switzerland-based Veeam is a Billion Dollar Unicorn club member in the enterprise backup, recovery and data de-duplication segment which is making big waves in the industry.
Over the last year, several flash sales sites have seen their growth plans foiled as the flash sales fad has cooled down. Even ultra fast growing such as Zulily have taken the heat and seen their stock prices fall. Here is another Billion Dollar Unicorn club member Gilt Groupe that has been trying to go public for a while now. But things don’t seem to be looking up.
The phenomenon of Billion Dollar Unicorn companies is not restricted to the American markets. There are several companies in emerging markets as well that are joining the club. One such company is China-based group buying site Meituan. According to Chinese research firm EnfoDesk, the group buying market in China was estimated to have grown 44% q-o-q to RMB 22.96 billion (~$3.74 billion) for the quarter ended September 2014.
Nothing seems to be slowing down LinkedIn’s (NYSE: LNKD) growth. While other social media stocks like Twitter have taken a bit of a beating due to the slowing down of their user growth statistics, LinkedIn has proved to be quite the opposite. Their continued investments in newer markets and offerings have helped them deliver strong results and drive their stock to a record high. LinkedIn has reported results for fifteen quarters so far since they went public and not once have they missed earning expectations. This quarter was no different.
It is interesting to note the wide array of private companies that have no desire to go public soon. There is a growing list of founders who are convinced that they want to stay away from the prying eyes of analysts and the high costs of regulatory requirements and maintain their freedom of operating their companies on their terms. One such company is Billion Dollar Unicorn club member Eventbrite.