What is A Startup?
Starting a business is not an easy task. It requires a lot of hard work, dedication, and perseverance. However, if you have a great business idea, the rewards can be immense. Not only can you make a lot of money, but you can also have the satisfaction of knowing that you created something from scratch and built it up into a successful enterprise.
There are many different types of businesses, but in general, a startup is a company that is in the early stages of development. This means that the company is not yet profitable and is still trying to find a market for its product or service. Startups are often characterized by high risk and uncertainty, as they are not yet proven in the marketplace.
One of the most important aspects of a startup is its business model. This is the way in which the company plans to make money and bring value to its customers. There are many different business models, but some of the most common ones include advertising, subscriptions, and e-commerce.
Another important aspect of a startup is its team. This is the group of people who will be responsible for developing the product, marketing it, and selling it. A good team is essential for a startup to be successful.
Finally, a startup needs capital. This is the money that will be used to finance the business, Pay the team, and cover other expenses. Capital can come from a variety of sources, such as investment firms, angel investors, or even the founders themselves.
Starting a business is a risky proposition, but if you have a great idea and a strong team, the rewards can be great. If you’re thinking about starting a business, take the time to develop a solid business model and find the right people to help you. With hard work and perseverance, you can build a successful startup.
In 2023, the top 10 startups in Europe will be:
- Airbnb
- Uber
- Spotify
- Deliveroo
- Zalando
- N26
- Blinkist
- Freightos
- GetYourGuide
- WeWork
Airbnb
Airbnb is a online marketplace that connects people who need a place to stay with people who need to rent out extra space. Airbnb was founded in 2008 by roommates Brian Chesky and Joe Gebbia, who were struggling to pay rent on their San Francisco apartment. They came up with the idea of Airbnb after realising that there was a market for short-term rentals of extra space in people’s homes. Airbnb has been incredibly successful, and is now worth an estimated $31 billion.
How much money is Airbnb worth?
Airbnb is worth an estimated $31 billion.
How did Airbnb raise capital?
Airbnb raised $1.2 million in seed funding from investors including Sequoia Capital and Y Combinator. They went on to raise a further $7.8 million in Series A funding, and $112 million in Series B funding.
Read more: What is an Airbnb and how does it work?
Uber
Uber is a ground transportation company that offers ridesharing, food delivery, and a bike-sharing service through its app. The company was founded in 2009 by Travis Kalanick and Garrett Camp, and it has been privately owned since its inception. As of 2019, Uber was worth an estimated $72 billion. The company has raised capital through a combination of private equity and venture capital investments, as well as debt financing. Uber owners make an average of $700 per month.
Spotify
Spotify is a music streaming service that was founded in 2006 by Daniel Ek and Martin Lorentzon. The company is headquartered in Stockholm, Sweden. Spotify raised $1.6 billion in capital from investors including Kleiner Perkins, Accel Partners, and Sequoia Capital. As of 2020, Spotify is worth $29.7 billion. Spotify pays approximately 70% of its revenue to music labels and publishers. Owners of Spotify stock make an average of $3.20 per share per month.
How did Spotify raise capital?
- In November 2008, Spotify raised $22.5 million in Series A funding from Investment AB Kinnevik. In 2009, Spotify raised $50 million in Series B funding from Kleiner Perkins Caufield & Byers, Index Ventures, and DST Global.
- In June 2011, Spotify raised $100 million in Series C funding from Goldman Sachs, Kleiner Perkins, and DST Global. This brought Spotify’s total funding to $181.6 million.
- In 2012, Spotify raised $5 million in Series D funding from Wellington Management Company.
- In 2013, Spotify raised $250 million in debt financing from Goldman Sachs. This brought Spotify’s total funding to $789.6 million.
- In 2015, Spotify raised $526 million in convertible debt from Dragoneer Investment Group, TPG, and Valiant Capital Partners. This brought Spotify’s total funding to $1.4 billion.
- In 2016, Spotify raised $1 billion in debt financing from Goldman Sachs. This brought Spotify’s total funding to $2.4 billion.
- In 2018, Spotify raised $1.6 billion in convertible debt from Silver Lake Partners, TPG, and mysterious investors. This brought Spotify’s total funding to $4.0 billion.
Spotify went public on the New York Stock Exchange on April 3, 2018. The company’s shares were trading at $149.01 at the end of the day, giving Spotify a market capitalization of $26.5 billion.
As of 2019, Spotify is worth an estimated $26.5 billion. Spotify’s owners make an estimated $217 million per month.
Deliveroo
What is Deliveroo?
Deliveroo is a food delivery company that was founded in 2013. The company is headquartered in London, United Kingdom. Deliveroo operates in over 500 towns and cities in the United Kingdom, France, the Netherlands, Belgium, Germany, Ireland, Spain, Italy, Australia, Singapore, Luxembourg, and the United Arab Emirates.
Who founded Deliveroo?
Will Shu is the co-founder and CEO of Deliveroo. Shu founded Deliveroo with Greg Orlowski in 2013.
How much money is Deliveroo worth?
Deliveroo is valued at $2 billion.
How did Deliveroo raise capital?
Deliveroo has raised $475 million in funding. The company’s most recent round of funding was a $385 million Series D, which was led by DST Global and included participation from existing investors Accel, Greenoaks Capital, and Index Ventures.
How much do Deliveroo owners make a month?
Deliveroo owners make an average of £1,500 per month.
Zalando
Zalando is a German electronic commerce company founded in 2008. The company offers online shopping for clothing, shoes, and other fashion items. Zalando is worth an estimated $12.8 billion as of 2019.
Zalando was founded by Robert Gentz and David Schneider, who were both students at the European Business School in Oestrich-Winkel, Germany. The company was started with €50,000 in seed money from Samwer brothers Oliver, Marc, and Alexander.
Zalando owners make a profit of about €30 million per month. The company has over 30 million active customers and 1,500 brands. Zalando operates in 15 European countries.
To order from Zalando, customers create an account and add items to their shopping cart. Zalando offers free shipping and free returns on all orders. Payment is made through credit card, PayPal, or bank transfer.
Zalando has faced criticism for its return policy, which allows customers to return items for any reason within 100 days of purchase. This policy has led to an increase in return rates, which has been costly for the company.
N26
N26 is a mobile bank founded in 2013. N26 has over 2.3 million customers in 24 European countries. In January 2018, N26 raised $160 million from Allianz X, the digital investment arm of Allianz Group, valuating the company at $1.7 billion.
Who founded N26?
Valentin Stalf and Maximilian Tayenthal are the co-founders of N26. Stalf is the CEO and Tayenthal is the CFO.
How much money is N26 worth?
N26 is worth $1.7 billion.
How did N26 raise capital?
N26 raised $160 million from Allianz X, the digital investment arm of Allianz Group.
Blinkist
Blinkist is a reading app that condenses non-fiction books into key takeaways that you can read or listen to in about 15 minutes. It’s like having a expert on the go, available to help you make better decisions, learn new things, and grow in your career.
Who founded Blinkist?
Blinkist was founded in 2012 by two former consultants, Holger Hase and Tobias Hoffmann.
How much money is Blinkist worth?
In 2019, Blinkist was valued at $100 million after raising $29 million in Series C funding led by Insight Venture Partners.
How did Blinkist raise capital?
To date, Blinkist has raised a total of $61 million from VC firms likeSequoia Capital, Lakestar, and Greycroft.
Freightos
Freightos is an online marketplace for buying and selling freight services. It was founded in 2012.
Who founded Freightos?
Zvi Schreiber is the founder and CEO of Freightos. He has a background in logistics and technology, and has been involved in the freight industry for over 20 years.
How much money is Freightos worth?
Freightos is a privately held company, so its exact worth is not publically known. However, they have raised over $34 million in venture funding, and their latest valuation in 2016 was $103 million.
How did Freightos raise capital?
Freightos has raised capital through a combination of equity and debt financing. Their equity investors include Arbor Ventures, Aleph Venture Capital, GE Ventures, and More VC. They have also raised debt financing from IDF Capital, private equity firm Goldrock Capital, and Chicago-based mid-market lender Victory Park Capital.
GetYourGuide
GetYourGuide is a travel booking website that was founded in 2008. The company is based in Berlin, Germany. GetYourGuide helps travelers book activities, tours, and attractions in destinations around the world.
Who founded GetYourGuide?
Johannes Reck and Tobias Meier founded GetYourGuide.
How much money is GetYourGuide worth?
GetYourGuide is worth $1.1 billion.
How did GetYourGuide raise capital?
GetYourGuide has raised $484 million in funding from investors including Battery Ventures, Founders Fund, Insight Venture Partners, Spark Capital, and World Online.
WeWork
WeWork is a co-working space provider and an American company founded in 2010. The company was co-founded by Adam Neumann, Miguel McKelvey, and Andrew McIntyre. WeWork is headquartered in New York City.
As of January 2019, WeWork was valued at $47 billion. In March 2019, it was announced that SoftBank would be investing $2 billion in WeWork. In April 2019, WeWork raised an additional $1 billion in debt financing.
WeWork has over 400 locations in more than 100 cities worldwide.
