Monday, January 27, 2014
Southern California's Billion Dollar Startup Trio: SpaceX, Snapchat, Beats
Think Silicon Valley has a lock on billion dollar startups? A recent analysis by the Wall Street Journal uncovers a surprising number of Southern California startups in the billion dollar valuation -- led by Hawthorne-based SpaceX, with a $4.8 billion dollar valuation at its last round. The chart of valuations shows that there are three companies which made the cut for being venture backed, having raised money in the last three years, and are still privately held. Along with SpaceX, Southern California includes Snapchat ($2.0 billion); Beats Electronics ($1.0 billion).