Engineers and developers are some of the first people to latch onto startups that succeed. And we trust them to pick Silicon Valley’s hottest new tech companies.
So does LinkedIn. The professional networking site analyzed millions of interactions between around 290,000 San Francisco/Peninsula/Silicon Valley-based engineers/devs and local companies with fewer than 500 employees.
Last year, the survey was astonishingly accurate as a success predictor — one company was acquired and five others rose to valuations of $1 billion to $5 billion.
“There are multiple ways to predict a company’s success,” said a LinkedIn rep via email. ”But at the core, if you can’t build it, they most certainly won’t come, so to say.”
This year, here are developers’ top picks for the next billion-dollar company, along with the stories that kept them in the headlines:
- 2011: Jaw-dropping $250 million funding round
- 2012: Dropbox brings Facebook integration
- 2013: Rebranding for business use cases
3. Violin Memory
4. Nimble Storage
- 2011:$25 million funding round
- 2012: Another $40 million round
- 2013: Partnerships with Microsoft and Cisco
- 2011: Announcement of Hadoop data platform
- 2013: A healthy $50 million funding round
- 2011: Libyan revolution filmed on a GoPro
- 2011: GoPro takes an undisclosed amount of venture capital
- 2012: Launch of the GoPro Hero 3
- 2011: Pre-wristband company closes a $70 million funding round
- 2012: Relaunch of the improved Jawbone Up
- Launch of the Up app platform
8. Big Switch Networks
- 2011: $13.8 million funding round
- 2012: Launch of Open SDN
- 2012: $25 million funding round
- 2011: iPhone app launch
- 2012: Big deal: $100 million in funding
- 2012: Removed invite-only requirement
- 2011: Shipped alpha version
- Left stealth; won Best of VMWorld award
- 2012: $33 million fundraise
Here’s a handy chart to tie it all together, courtesy of LinkedIn:
VentureBeat is creating an index of the most exciting cloud-based services for developers. Take a look at our initial suggestions and complete the survey to help us build a definitive index. We’ll publish the official index later this month, and for those who fill out surveys, we’ll send you an expanded report free of charge. Speak with the analyst who put this survey together to get more in-depth information, inquire within.