Tumblr was New York City's first $1 billion exit since DoubleClick sold to Google in 2007. But it won't be the last.
A number of other startups in New York have become huge businesses, expected to exit for at least $1 billion. Others probably won't get the billion-dollar acquisitions they're hoping for, but they'll still sell for boatloads of cash.
Then there are startups that aren't worth $1 billion yet, but we bet they will be soon. They're innovative and growing quickly, with high margins, and they're tackling big markets.
10gen develops an open source database, MongoDB, that's used by Fortune 500 companies.
What it is: 10gen is the developer of MongoDB, an open source database used by many Fortune 500 companies. 10gen also offers support and training for MongoDB clients.
Estimated Value: $550 million as of its financing last year.
Total funding: $73.4 million
Location: New York, N.Y.
More Info: About 10gen
CEO: Max Schireson
Investors: Union Square Ventures, Flybridge Capital Partners, Sequoia Capital, New Enterprise Associates
*Disclosure: Dwight Merriman and Kevin Ryan are co-chairmen of 10gen. They are also co-founders of Business Insider.
Everyday Health provides health solutions via a portfolio of websites and 20 mobile apps; it's been eying an IPO for a few years.
What it is: Everyday Health is a provider of online health solutions. It generates much of its revenue ($160-175 million as of March 2012) via subscriptions and advertising. Its CEO said generating $1 billion in revenue was in sight last year, and it has been eyeing an IPO for a few years.
Estimated Value: $650 Million
Total funding: $153 million
Location: New York, N.Y.
More Info: About Everyday Health
CEO: Benjamin Wolin
Investors: Foundation Capital, NeoCarta Ventures, Revolution, Rho Ventures, Scale Venture Partners, Village Ventures
Etsy is an e-commerce site for individuals selling homemade goods that doubled its valuation last year.
What it is: E-commerce site for homemade crafts and small businesses. It raised $40 million at a ~$700 million valuation in May 2012.
Estimated Value:$600-700 million as of its fundraise in 2012.
Total funding: $91.7 million
Location: Brooklyn, N.Y.
More Info:About Etsy
CEO: Chad Dickerson
Investors: Caterina Fake, Stewart Butterfield, Joshua Schachter, Albert Wenger, Union Square Ventures, Accel Partners, Hubert Burda Media, Index Ventures
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