An Inside Look At Tech Startups in Silicon Valley And How Much They Are Actually Worth
GY
Last updated 04/15/2022 by
Gina YoungEvery entrepreneur hopes that their startup company will revolutionize the way things are done in a particular sector and evolve into an established company within the industry. This is rarely the path that startups take though. Approximately 90% of tech startups will fail. Why is this? Allmand Law conducted research within the industry and found that, “the successful startups seem to be flexible enough to shift with changes in the tech climate, whereas with the failed startups, some fail due to a lack of vision and others have terrible timing. Ultimately, there is a lack of foresight which might have saved their companies.”
Here are a few newer startups, at various stages and capitalization levels. Do they have the fundamentals in place to remain viable or will they fade out as quickly as they came on the scene?
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Hotel Tonight
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Since Hotel Tonight’s launch in January 2011, the company has raised more than $80 million in funding and established itself as the leader in mobile travel. By delighting users with a beautiful product that’s easy and natural for anyone to use, HotelTonight is breathing new life into the travel industry and fundamentally changing the way people think about booking hotel stays.
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Having been named “Best Travel App” by Travel & Leisure, and receiving rave reviews on TechCrunch, CNET, The LA Times, Forbes and Entrepreneur, Hotel Tonight seems to be a tech startup that will be around for quite a while.
Giftly
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“I think the main challenge is convincing people that if they use their own credit card they won’t be charged,” says one VC. “But Giftly has the opportunity to be incredibly disruptive. Plus they have a great team and good investors.”
Storenvy
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![storenvy](/_next/image?url=https%3A%2F%2Fcdn-blog.supermoney.com%2Fwp-content%2Fuploads%2F2015%2F10%2Fstorenvy.png&w=3840&q=75)
Zenoss, Inc.
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Zenoss, Inc. is the leading provider of unified monitoring and analytics solutions for physical, virtual, and cloud-based IT infrastructure and applications. The company’s technology services allow customers to unify and automate performance and availability monitoring and event management for their entire IT infrastructure — applications, servers, storage, networks, virtualization, converged infrastructure, and cloud.
![Zenoss-5](/_next/image?url=https%3A%2F%2Fcdn-blog.supermoney.com%2Fwp-content%2Fuploads%2F2015%2F10%2FZenoss-5.jpg&w=3840&q=75)
“My experience is that good ideas and strong teams will get funded no matter where they live – and sometimes an unknown address can even help you stand out from the pack. At this point, the entrepreneurial ecosystem is sufficiently global so that no matter where you are, there is capital available for viable ideas. Finally, if you need or desire money from Silicon Valley VCs, it’s certainly not limited to local companies. In fact, Silicon Valley VCs are very accommodating to out-of-towners. A day trip is all it takes to access the central bank of technology. As an out-of-towner, you may even find it easier to get a meeting. The good ideas that get famous in Silicon Valley have to come from somewhere – and it’s usually not there.”—entrepreneur Bill Karpovich, founder of Zenoss.
So do you have what it takes to be the next best start-up company? Find a Business Loan now to get your company off the ground!
GY
Gina Young is an accomplished finance writer who has written for publications including Examiner.com, Lexington Law, Talk Markets, CreditRepair.com as well as her own blog (Money Savvy Living), giving budgeting and frugal living advice. With a bachelor’s degree in Accounting and Finance from Ashland University and a MBA from Indiana Wesleyan University, Young has impressive credentials in many aspects of investing, retirement planning, and personal finance.
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