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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