6 Successful Tech Companies that have created real value, but are still private

Top 6 Successful Tech Companies that have created real value, but are still private - StartupStorey.com

With billions in revenue, these successful Tech companies have blazed trails and created so much buzz, but why are they still private? My top successful tech companies that I think have created tremendous value, but are still private.


#1 Uber

Waiting around for taxis used to be an extremely frustrating experience – they never seem to be on the road when you need them, their call centers always seem to be busy.

But with Uber… all I need to do is press a couple of buttons (while I’m still wrapping my meeting) and I know it’s going to work most of the time (I only had one cancel on me in the 2 years I’ve used it).

It’s an application that I use almost everyday when I’m traveling into countries that has the Uber network.


#2 Dropbox

There are many file-syncing services out there right now – Google Drive, Box, MS OneDrive etc., but to me, none works as well as Dropbox.

The value that it creates is without a doubt enormous.

If you work around the startup scene, everyone depends heavily on these file-syncing and sharing tool to work efficiently – no more walking around with a USB drive or emailing the deck to yourself.

Also, the file upload/download is extremely fast with Dropbox, and I very rarely encounter file conflict issues (which can’t be said for other services). It works and it’s easy to use.


#3 Palantir

The famous secretive startup. All we know is that they utilize big data to guide decision-making.

There are also here to solve important problems… which can’t be said for a lot of consumer-facing apps in the “App economy” nowadays.

They have their hands in industries ranging from Defense to Healthcare. It’s a pretty bad-ass company – they are associated with tracking down Osama bin laden after all. How many companies can claim that (or its equivalent)!


#4 Airbnb

Solving the underutilized asset issue in the real estate space. I think they kick-started the trend of getting people to recognize under-utilization as a problem.

It simultaneously solves two problem: (1) people who wants to travel on the cheap can now do so without being confined to cheap hostels and (2) homeowners can make additional dollars on the side. ¬†What’s not to like?

This is something that startups can learn from – What is the best advice for struggling entrepreneurs?

Sure, they are some horror stories every now and then about the traveler and the homeowner… but big picture wise, I would say they have created more good than harm.


#5 Slack

Extremely useful tool that I did not use until I came over to Startup-Land.

I now use Slack almost exclusively for internal communications. Discussion about specific topics, uploading of files, segmenting communication by product/project/people are all possible. It can also integrate with a whole host of applications.

Did I mention that everything is searchable? It works fast as well.

Read the Strawberry Startup ebook

#6 Bosch

Inventor of the Magneto and Spark plug, leader in numerous automotive innovations. In fact the logo of the company is inspired by the shape of the Magneto.

Bosch is a private company with Euro 70 Billion+ revenue.

The company is controlled by a Stiftung (or a Foundation) which runs charities and other social initiatives from the money it makes. Yes it is surprising that a company founded in 1886 still exists and is private.


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