5 American Internet Titans Reaping Massive Revenues
The Internet has taken on many forms since it hit the mainstream in the mid to late 1990s. As things have evolved over the years, the online space has become a major commercial force around the world, offering virtually limitless entrepreneurial opportunities and access to information that could never even be imagined in the preceding centuries. In businesses spanning all mediums, there are definite winners and losers online. Thanks to a new report from venture capital company Kleiner, Perkins, Caufield, and Byers (KPCB), we’re able to take a more detailed look at who the real winners were during 2013.
The companies represented run the gamut in terms of services offered, from retail websites to online auction houses. Since the Internet has allowed companies to really focus in on specific industries and customer niches, most of the businesses populating the report have built themselves up from humble, simple beginnings into titans of the corporate realm. While several of the businesses had plenty of start-up capital and investment put behind them, at least one was founded by a pair of graduate students, and put to work in a garage.
KPCB’s report also gives insight into the trends the Internet is seeing at this point in time, including the meteoric rise of tablet usage and mobile data access. People are using smartphones more than ever, and as smartphone technology becomes cheaper to manufacture and finds its ways into more remote areas of the world, people are able to access the Internet when before they might have had the option. As devices become smaller and more portable, and Internet access expands in reach, it’s not hard to imagine these trends continuing.
So who were the real winners when it comes to revenue during 2013? While some foreign companies from countries like China, Japan, and South Korea made a splash, we’ll focus on the American businesses that drove in the largest amounts of revenue. Read on to see what five American Internet giants brought in the most bucks in 2013.