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SOURCE Orange Silicon Valley
SAN FRANCISCO, June 12, 2014 /PRNewswire/ -- A new report from Orange Silicon Valley called Unicorns, Startups, and Giants: The New Billion Dollar Dynamics of the Digital Landscape shows that tech 'Unicorns' are becoming more than just billion-dollar start-up superstars or fodder for talk of bubbles. They are the new engines of disruption reshaping the competitive landscape.
"Unicorns are now a class of market actors to be reckoned with, distinct from the established Incumbents and the post-bubble web Giants from the first decade of the 21st century," says Georges Nahon, Orange Silicon Valley CEO. "They represent new engines of innovation and the feedstock for the next generation of disruptors, posing major questions for Incumbents, Giants, and investors."
In February of 2014, Facebook announced it would purchase WhatsApp for $19 billion in cash and stock. This unprecedented valuation given to a relatively young messaging company rattled the tech community, feeding the ever-growing sense that we've entered a new technology bubble. These so-called Unicorns – companies reaching valuations over a billion dollars through growth-stage funding, public IPO's, or corporate exits – are becoming more and more common.
Nevertheless, Internet-native Giants have a powerful symbiosis with Unicorns. They use Unicorns to test innovations and markets with new offerings in areas adjacent to the Giants. They frequently invest in and acquire the leading Unicorns in order to grow their business further into these adjacencies. In this context, the $19 billion valuation of WhatsApp represents the exponential growth curve of their audience – 450 million users at the time of acquisition – but also enables Facebook to better access a global market with a technology that's becoming more valuable to its core demographic. Giants understand the pace of change brought by digital transformation. They see the value in keeping Unicorns on their side and watching closely how they shape the next wave of innovation.
This leaves Incumbents under pressure to transform in order to keep up with the pace of technological change. The research of Orange Silicon Valley offers a map of sector opportunities that can enable Incumbents to better align with digital transformation. The report then shares a macro analysis of six broad currents that will further transform the landscape to 2020, giving birth to yet more Unicorns, more disruptions, and more opportunities.
The full report can be downloaded at theunicornreport.com
Orange is one of the world's leading telecommunications operators with sales of 43.5 billion euros in 2012 and had 166,000 employees worldwide at 30 September 2013, including 102,000 employees in France. Present in 32 countries, the Group had a total customer base of more than 232 million customers at 30 September 2013, including 175 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited.
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