World Startup Wiki just launched and released a report on internet companies in 50 different countries. It shows that 29 countries have a $1B company and the top ones deal in communication
Did you know that 29 countries have at least one billion dollar company? Or that the world’s most valuable company – Google, worth $410 billion – is worth more than the top companies for the next 49 countries combined?
These facts came out of a report on the “World of Internet Companies,” released Friday, June 13, by World Startup Report. The report, based on internet companies in 50 countries, was compiled in partnership with World Startup Wiki, a new website that is looking to be a community-powered guide for starting a company in any country in the world. The site was founded by Bowei Gai, a serial Silicon Valley entrepreneur who was the CEO of CardMunch, which was sold to LinkedIn in 2011 for less than $3 million, according to news reports.
After selling his startup to the professional social network, Gai wanted to learn about establishing a business in emerging market, but realized that he really knew nothing about markets other than in the United States.
He then packed his bags and on Jan. 1, 2013, began nine months of traveling, during which he visited 29 countries and 36 cities with hopes to understand what it takes to build a startup in these places; from culture and available opportunities, to the big facts and names in the local industries. After traveling and conducting further research, Gai and his team compiled the data for World Startup Wiki, which launched around March.
Right now, the website has data for two countries: Malaysia and the Philippines, including tabs on a country overview, the startup ecosystem, opportunities, controversies, cultural awareness, establishing a startup and advice. Startup Wiki lead researcher Andrius Neviera said the site will add pages for 10 countries by the end of the summer and will be launching cross-country reports that will focus on specific industries, such as Friday’s report on internet companies. The data comes from research by people in each specific ecosystem. World Startup Wiki asks for official information to validate all reports, but in the future the site hopes to be fully community driven, Neviera said.
What do the top companies have in common?
The recent report on internet companies looked at the three biggest companies in 50 countries that the site thought would be interesting for people within and from outside the specific regions. The report concludes that on average, communication is the most valuable internet industry, followed by search and ecommerce companies, which surprisingly highly beat out communication and hold the top two spots in popularity. It also concluded that public companies are six times bigger than private companies, which in turn are 10 times bigger than acquired companies; eight of the top 10 valued companies are public, and one has filed for an IPO. Out of the top ten valued companies, five are in Asia, two are in North America, and South America, Africa and Oceania (the tropical Pacific Ocean region), each have one. Interestingly, none of the top ten companies are in Europe.
As for advice, the report said it is almost impossible to build a company that will outperform the region’s biggest company, so if you want to build a $100 billion company, it has to be in the U.S. or China. It also notes that it usually takes seven to 10 years to build a billion company, so entrepreneurs should not expect overnight success as seen in Instagram or Snapchat.
The next report will focus on the world of dating – what are the most popular websites, mobile apps and dating portals in different countries around the world. So stay tuned.