10 Little Known Billion Dollar Businesses

Bangalore: “There’s a 0.00006 percent chance of building a company that will grow to be worth more than a billion dollars”, said David Friedberg-the founder of The Climate Corporation which got a $1.1 billion valuation after  6 years of its founding. Almost all startup enthusiasts would find David Friedberg’s remarks discouraging. But statistics inform us that he’s pragmatic. Even the high dot com bubble period of 1999-2000 could not see more than 18 companies touching the billion dollar mark. So, it’s obvious that entry to this list is a coveted affair. The prestige side apart, a good valuation is one of the most desirable goals of a startup for other practical reasons, such as, for accessing external source of funding. Now, let’s meet 10 interesting members of the esteemed club, with inputs from the Wall Street Journal.

Bloom Energy

Valued At: $2.9billion

Founder: K. R. Sridhar

Established: 2001

Bloom Energy manufactures energy servers that produce electricity on the site. The winning point here is that the server can take input from biological sources hence producing clean energy. A single cell generates 25 watts of power. Since its inception in 2001, the company had added prestigious names to its client list, such as Wall mart, AT&T, FedEx, Bank of America, Google and eBay. World Economic Forum named Bloom Energy as a Tech Pioneer.

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