New York Firms Dominate Business Insider’s ‘Digital 100’
Business news provider Bloomberg LP, with a valuation of $35 billion, has been ranked second in Business Insider’s Digital 100, a listing of the world’s most valuable privately held technology companies.
Bloomberg, led by CEO Daniel Doctoroff, had revenues of $7.60 billion last year. “Although Bloomberg is comprised of many different businesses, at its core it is a media company. We give it a healthy 5X multiple on 2011 revenue for a valuation for $35 billion,” Business Insider said.
China’s online marketplace Alibaba, with a valuation of $40 billion, topped the list.
The rankings are based on several metrics, including revenue, users, market opportunities, growth rates and the perception of investors and tech gurus. After the flameout of stocks like Facebook and Zynga, which were privately held and ranked on this list last year, Business Insider said it has, in many instances, “disregarded valuations stamped on recent funding rounds and instead valued companies based on their public comparables.”
The following are the other top New York companies on the list, along with their rankings, valuations and other details:
#8. MLB.com, $3.1 billion
Led by CEO Robert Bowman, MLB is an interactive media site for Major League baseball coverage. It is valued at five times 2012 revenue.
#9. ZocDoc, $750 million
Led by CEO Cyrus Massoumi, it provides online booking for doctor and dentist appointments. It has a user base of 1 million per month in 21 U.S. cities.
31. Gilt Groupe, $700 million
Led by CEO Kevin Ryan, Gilt takes excess inventory of luxury goods and sells them on a members-only, by-invitation-only e-commerce site. It was valued at $1 billion last year.
32. Everyday Health, $700 million
Led by CEO Benjamin Wolin, it is a resource for health information, and “bigger, better WebMD.” The company canceled IPO plans in late 2010 and raised a $20 million round instead. It is valued at four times revenue.
40. Seamless, $525 million
Led by CEO Jonathan Zabusky, the web and mobile local food ordering company was acquired in the mid-2000s and spun back out as a private company last year. It is valued at seven times revenue.
41. Media Ocean, $510 million
Led by CEO Bill Wise, the cloud-based advertising company has more than 80,000 users and more than $100 billion passing through its system annually. It is valued at 2-3 times estimated revenue.
43. 10gen, $500 million
Led by CEO Dwight Merriman, the developer of the MongoDB database software recently raised $42 million. Its valuation is based on that funding round.
44. Appnexus, $500 million
Led by CEO Brian O'Kelley, it runs an advanced ad platform specializing in real-time auction bidding. Its valuation has dipped since the Facebook stock’s slump but remains a “likely acquisition target for bigger tech companies like Google or Facebook.”
46. Tumblr, $500 million
Led by CEO David Karp, the blog hosting platform “has impressive traffic, but it has yet to find a way to monetize its 120 million monthly global uniques.” Its valuation has plunged by more than half since the plunge of Facebook stock
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