Image may be NSFW.
Clik here to view.
There used to be a time when a $1 billion valuation was considered a massive success for tech startups.
Then that threshold rose to $5 billion, and then $10 billion.
Looking at recent media reports and The Wall Street Journal's "The Billion-Dollar Startup Club" list, there are now over 100 "unicorn companies"— companies with $1 billion+ valuations. There's a growing number of "decacorn" companies, or startups with $10 billion valuations.
Now, there's a group of startups worth $20 billion or more. Here are the relatively new, private tech companies that are worth tens of billions of dollars — or that will be very soon.
No. 5: Snapchat
Image may be NSFW.Clik here to view.
Valuation: $16-20 billion
CEO: Evan Spiegel
Founded: 2012
What it does: Its photo-messaging app allows users to send photos and videos that automatically disappear after a set period of time.
Total funding: $1.2 billion
Notable investors: Yahoo, Kleiner Perkins, Benchmark Capital, Lightspeed Venture Partners, Coatue Management, SV Angel
No. 4: Palantir
Image may be NSFW.Clik here to view.
Valuation: $15 billion, but $500 million in new funding could bump up its valuation to $20 billion
CEO: Alexander Karp
Founded: 2004
What it does: Palantir is a software and services company that specializes in data analysis. Some of its biggest clients are government agencies like the CIA and the FBI.
Total funding: ~$1.5 billion
Notable investors: Founders Fund, Tiger Global Management, Glynn Capital Management, Jeremy Stoppelman
No. 3: Airbnb
Image may be NSFW.Clik here to view.
Valuation: $24 billion
CEO: Brian Chesky
Founded: 2008
What it does: Through its app and website, Airbnb provides a marketplace for people to rent out rooms or their entire homes to other people.
Total funding: ~$1.8 billion, pending a fresh $1 billion round of funding
Notable investors: SherpaCapital, T. Rowe Price, Founders Fund, CrunchFund, Sequoia Capital, Andreessen Horowitz, DST Global, General Catalyst Partners, SV Angel, Greylock Partners
See the rest of the story at Business Insider