Apps like Uber and Snapchat are not only household names, they’re also part of an elite club of venture-backed businesses that are padding their market capitalizations by billions annually. They are part of a group of 11 companies, which includes Facebook and Twitter, whose market capitalizations are increasing by more than $1 billion a year, according to a new report from Play Bigger. Play Bigger’s study looks at how fast American venture-backed companies have grown in value over time. The firm calls this ‘time to market cap,’ or TTMC, and compares the velocity at which companies gain in value on an annual basis. Facebook’s value is growing the fastest, averaging a market-cap gain of $19.5 billion a year. And Snapchat is the fastest venture-backed company to hit the $10 billion valuation milestone. Play Bigger believes monitoring the speed at which startups increase in value is key to understanding power and influence in Silicon Valley.
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