worldstatupreport

INTERNET HALL OF FAME10 THINGS YOU NEED TO KNOW ABOUT THE WORLD OF

INTERNET COMPANIES ACROSS 50 COUNTRIES

PRESENTED BY:

• 50 countries were selected to represent 6 continents, different levels of development, population size, and, obviously, Internet penetration

• Each country is represented by the 3 largest Internet companies by valuation at its peak

• Country’s value is used as a synonym to that country’s largest Internet company’s value

• Internet companies are defined as businesses which do majority of its operations online in a scalable manner. ISPs, Software

development houses without products do not qualify

• IMPORTANT: A number of companies have majority of their employees outside the country they were founded in (Home country). In these

situations, we match the company to the country its employees are in, rather than where it was founded

• Data gathering involved online sources, stock market data, companies themselves and information from the community. For the list of our

incredible ambassadors, see the final slide

ABOUT THE RESEARCH

In each of the

50Countries

From

6Continents

Biggest

3Internet Companies

Full report: worldstartupwiki.org

LET’S

BEGIN…


Fact #129 countries have at least one $1B

Internet company


10 THINGS YOU NEED TO KNOW ABOUT THE WORLD OF INTERNET COMPANIES

List of 29

“Billion $

Club”

countries and

the largest

Internet

companies in

each


#2Google has a higher valuation than the

remaining 49 countries combined


If we added together the value of the top 49 Internet companies from each of the

remaining 49 countries, the combined total would still be less than the highest market

valuation of Google. In other words, if you had access to Google’s worth in your

bank account, you would have enough money to purchase the top 49 Internet

companies and still have a cool $10B left over to enjoy life.



#3Alibaba, China’s e-commerce

giant, has a valuation equal to

the remaining 48 countries

combined


Outside the US, Alibaba (China / E-

commerce) by far has the largest value

of an Internet company. Its value is

equivalent to the remaining 48

companies combined.



#4On average, Communication is

the most valuable Internet

industry


The average value of

companies in the

communication industry

is close to $20B. In

comparison, media

companies are worth

around $5B.

Data comes from Top

3 Internet companies in

each of the 50

countries.



#5E-Commerce and Search are the

most popular industries


Out of 150 companies, the most popular industry is E-Commerce.

Search takes the second position. These are the fundamental

building blocks of Internet industry in every country.



#6Public companies are 6x bigger

than Private companies, which

are 10x bigger than Acquired


Out of 150 companies,

Public companies are on

average worth 6x more than

Private companies. Private

companies are 10x more

valuable than an average

value of acquisitions.



#7Search and Gaming are the “most

mature” industries


On average, Search companies were started just before

year 2000. Gaming is the second “most mature” industry,

whereas B2B industry claims to have the highest number of

companies started around 2006 and deserves to be called

the “quickest way to get rich”.



Search

Gaming

Payments

E-Commerce

MediaCommunication

SaaSB2B

1999

2000

2001

2002

2003

2004

2005

2006

#8Oceania has the “oldest” companies,

followed by North America


Companies founded in Oceania are the “oldest”

companies based on the average founding date.

North America claims the second spot.

Interestingly, Asia took the third spot with almost

two year older companies than Europe.


Oceania

North America

Asia

Europe

Africa

South America

1998

1999

2000

2001

2002

2003

2004

2005

2006


#910 Countries with the highest valued

companies come from 5 continents –

except EUROPE


Asia, 5

North America, 2

Africa, 1

Oceania, 1

South America,

1

TOP 10 Highest Valued

Internet Companies

Breakdown By Continent:

• Asia (5)

• North America (2)

• Africa (1)

• Oceania (1)

• South America (1)

Where is EUROPE?


Interesting to note that Europe does not house a TOP 10 company presently,

however when you examine spots 11-20, Europe claims the majority by housing 8 of

those companies. Taking a closer look, you can reason that though Europe does not

have a large enough market to compete with dominant powerhouses such as the US

or China, its countries are large enough to enable company valuations above $1B.

European companies looking to scale should learn from Australia, where a relatively

small local market size is leveraged well to expand globally.


#10Of the TOP 10 Countries by

company valuation, 8 companies are

Public, 1 filed for IPO, 1 is Private.


Companies from the

TOP 10 Countries with

highest valuations are:

• Public (8)

• About to go IPO (1)

• Private (1)


8 out of 10 companies are public which proves that going

IPO creates the highest value for the company.

So, what is Your Exit Strategy?

Public

Filed for IPO Private


TAKEAWAYS

BE REALISTIC Only in very few cases will you be able to outperform the ecosystem’s

biggest companies by more than a 100%. If you want to build a $100-Billion company, you

have to go to the US or China.

SOLVE “OLD” PROBLEMS Depending on your country, opportunities could be

closer than you think. Search and E-commerce might not be the most innovative industries, but

these are essential ingredients in every country’s Internet ecosystem.

BE PATIENT News headlines are full of over-night successes – Instagram, Snapchat, etc.

However, building successful companies takes time. On average, you will take 7 to 10 years to

build over $1B company. These things take time. Don’t rush it.


Algeria: Imadeddine Aziez (National Polytechnic school)

Argentina: Leandro Pisaroni (Incutex) - Drew Beaurline

(Construct) - Martin Vivas (FoundersLatam)

Belgium: Omar Mohout (Sirris)

Canada: Jake Hirsch-Allen

Chile: Carlos Leiva (AndesBeat)

Colombia: Conrad Egusa (Espacio) & Leonardo Suarez

(Torrenegralabs)

Costa Rica: Ignacio Castro (Startup Costa Rica)

Czech Republic: Lukas Maixner (Socialbakers), Michal

Andera (byznyspark.cz)

Denmark: Rune Theill (Rockstart) & Lasse Chor

(Happiestmanalive)

Estonia: Anca Albu (CEE Changers) & Lauri Antalainen

(GameFounders)

Ethiopia: Tewodros Sisay (Deloitte)

Finland: Will Cardwell (Aalto University)

Germany: Daan Loening (kinderfee.de)

Hungary: Anca Albu (CEE Changers)

India: Dilip Sridhar (Unvired)

Indonesia: Tyovan Ari (Vemobo) & Dmitry Levit (Digital

Media Partners)

Iran: Mohsen Malayeri (IEA)

Ireland: John Whelan

Israel: Jared Fleitman (TAMID)

Kenya: Roger Gichuhi (buni.tv)

Korea: Bernard Moon (SparkLabs Global Ventures)

Kosovo: Alejtin Berisha (Universum College)

Kuwait: Abdullah Alshalabi (Fishfishme)

Latvia: Artis Kehris (Ask.fm), Michel Berkov (ConFide)

Malaysia: Daniel Cerventus (TEDx)

Netherlands: Rogier Senn van Basel (firstrateadv.com)

New Zealand: Ben Reid (Memia)

Peru: Demis Estabridis (Lima Valley)

Philippines: Dmitry Levit (Digital Media Partners)

Poland: Ai Kordek (CEE Startup Awards) & Wiktor

Schmidt (Netguru)

Singapore: Dmitry Levit (Digital Media Partners)

Slovenia: Bostjan Spetic (Silicon Gardens)

South Africa: Fredell Jacobs (The Innovation Hub)

Spain: Igor Llorente (Sivarit)

Sweden: Jaan Orvet (Orvet Stockholm) & Johan Crona

(Almi Invest)

Taiwan: Chaochi Chang (Startup Digest)

Thailand: Dmitry Levit (Digital Media Partners)

Turkey: Rauf Ates

Vietnam: Dmitry Levit (Digital Media Partners)

Global: Nick Vilelle (History Spoken)

THIS WOULD NOT BE POSSIBLE WITHOUT…

THIS WOULD NOT BE POSSIBLE WITHOUT…


At World Startup Report, our aim is to examine and share data about all

aspects of startup ecosystems around the world.

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worldstatupreport

Internet

largest internet companies

internet penetration

media companies

number of companies

average value of companies

valuable internet industry

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internet hall of fame