Technology is giving way to a large number of innovations in all areas of human activity. With the advancement of technology and the help of entrepreneurs such as David McCourt and others, startups have improved the way of providing entertainment, information, and services in the most disruptive of manners.
A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to the market. Typically, startups always have risky proposals, and are looking for angel investors to develop their innovative ideas, test them and market them.
There was a time when technological disruption meant business leaders like David McCourt founding companies that became known for taking on the ‘big guys’ in industries, like McCourt Cable Systems, Corporate Communications Network and joint ventures like McCourt/Kiewit International. But as time progressed, these revolutionary entrepreneurs increasingly turned their hand to helping other innovative startups, once they’ve achieved high levels of success already.
In McCourt’s case, he channels his efforts through Granahan McCourt Capital, which has held investments in tech-based startups such as Narrow step and Airspeed Telecom. This has been the case for many of the early disrupters as they reinvest to become part of the startup culture and the technological revolution that we witness today.
In this post, we will discuss the five most innovative and promising startups of the past decade, which investors consider to be game changers.
The founders of Uber, Travis Kalanick and Garett Camp, started with this successful startup in 2009. The Uber application, which has transformed the transportation area globally, debuted on the Stock Exchange with a valuation of $81 billion in May 2019.
The success of Uber is based on offering better and more varied transport services at lower prices than usual cabs.
Airbnb provides a platform where people can find rented accommodation and rented homes from private owners and can be rented for days, weeks or months. It was founded in August 2008 by Brian Chesky. It has a presence in more than 34,000 cities and in 190 countries.
This unicorn is valued at approximately $38 billion. Airbnb offers advantages that hotels do not offer by providing excellent accommodation, whose prices and opinions made by users are visible and are shared on the website and app, generating trust in users.
Dropbox is a system that allows people to store and access their files in the cloud. It was founded by Drew Houston in 2008. Dropbox is currently valued at approximately $10 billion. The advantages of Dropbox focus on allowing people to store their files safely and with easy access. It is considered a multifaceted and powerful tool for storing and synchronizing documents and files. While the platform is free for up to 2 GB of cloud storage, it charges customers to gain extra storage space, which is one of its primary sources of revenue.
Snapchat is a social instant messaging app where you can send and share photos quickly and you can see the stories of all other subscribers. It was founded by Evan Thomas in 1990. It also allows you to send videos and audios, and is par excellence, a social entertainment app very popular with young people. Snapchat is currently valued at approximately $21 billion and has transformed into an NYSE giant.
Xiaomi is the best valued smartphone company in China. It usually designs smartphones at a lower price but they can compete with high-end phones from the best mobile phone companies worldwide.
Xiaomi was founded by Hong Feng, Lei Jun, Zhon Guangping in 2011 and began trading on the Stock Exchange in July 2018 with a value of $50 billion. Although it has not done well on the market recently, Xiaomi is projected as one of the best smartphone companies in the world thanks to its value for money.
These are definitely not all the startups that can be regarded as game changers, but they most certainly are among the top ones, that have either reached their potential or are expected to in the near future. If continued financial support from venture capitalists such as David McCourt continues, we can expect technology to take things beyond our imagination very soon.
Interesting related article: “What is a Startup?”