Another Billion Dollar Unicorn club company is GoDaddy, which has made its place in the Internet domain marketplace by focusing on small businesses, professionals, and individuals. The company is nearly as old as the Internet itself and has come a long way since, but financials remain dodgy, leaving the market unimpressed. >>>
Continuing with our Billion Dollar Unicorn club analysis, here is the story of another interesting company. Chicago-based Cleversafe was founded in 2004 by MIT alumnus, engineer, and serial entrepreneur Chris Gladwin. The company is addressing the growing large scale enterprise storage market, which according to IDC is estimated to grow to $17 billion by the year 2015.
Search giant Google (NASDAQ: GOOG) appears to be struggling a bit. While they are still the leader in US search market by a long mile, the market share is gradually slipping. In the recent results by StatCounter, Google’s share of the US search market continued to drop. As of January 2015, Google accounted for 74.8% market share compared with 77.3% recorded in November 2014. The recently reported quarterly results weren’t impressive either as the company continued to miss both revenue and earning expectations.
If there is one company that has figured out how to tackle the monetization capabilities of the rapidly growing mobile advertising market, that company is Facebook (Nasdaq: FB). The social media giant continues to astound the market with its mobile advertising statistics as it repeatedly outperforms market expectations. The recently ended quarter was no different.
This was a good quarter for Amazon (Nasdaq: AMZN) and its investors. While it was surprising that Amazon reported a strong operating profit, what was even more surprising was the increased transparency displayed by the company on some of its business segments.
The Billion Dollar Unicorn Club has some interesting stories of companies in the same space reaching Unicorn status through different business models. One such story is that of Egnyte, which like Box, operates in the cloud storage space. But unlike Box, Egnyte operates a leaner ship and offers an enterprise grade product that can command much higher pricing.
One of the more amazing stories of the Billion Dollar Unicorn Club members is that of Taboola. Taboola is an online content discovery platform that has shown how to grow from zero-revenue for the first four years to a revenue run-rate of over $100 million in the sixth.
The market is eagerly awaiting the IPO of another unique Billion Dollar Unicorn club member – Etsy. Over the past decade, Etsy has become the go-to place for one-of-a-kind artisan products. By establishing their presence in a niche space, they have managed to create a successful business model that not only earns high revenues, but is also profitable.
I was one of the few people bullish about Tim Cook’s ability to steer Apple forward. I was right. It appears that there is nothing to stop Apple’s (Nasdaq: AAPL) blockbuster growth. The recent quarterly results reported earlier this week blew out market expectations and showed the strength of the company’s financials. Apple not only reported record earnings, but also ended the quarter with an unimaginable $178 billion in cash.
Microsoft has had an eventful beginning to the year 2015. The company is charging down the path of its mobile and cloud-first initiative and Windows gradually becomes a supporting actor in their movie.