Here at The Commercial Finance Group, we’re not motivational speakers and we’re certainly not inspirational expert TED talkers, but we can relate to these people. Why? That’s because we help people. To be specific, our Los Angeles factoring experts help people by helping grow their small business ideas into fruitful, thriving companies with ample cash flow and a product or service that genuinely benefits society. Indeed, if anything, we’re here to help break the stigma that “businesses are inherently evil and selfish, focusing solely on profit over value to the consumer and respect to the employee.” To us, it’s our mission to help your business achieve the growth of your dreams, and through receivables factoring and other small business lending services, we’re able to help achieve this.

Asset-Based Loans For Your Los Angeles Startup

Prolific introduction aside, today we’re going to cover a number of startup companies in Los Angeles that managed to hit the semi-mythical $1 billion valuation. From dating apps to cloud security software, these Southern California tech giants worked hard – with the help of proper funding – to grow into a useful and lucrative business. Does something like this align with your goals as a motivated entrepreneur? We hope so. If it’s truly your drive to achieve something great by bringing a unique product or service to market, our small business lenders located in Los Angeles and Atlanta can help.

Feel free to learn more about asset-based lending and other loans for small businesses from The Commercial Finance Group by contacting us today or visiting here.

Hulu

We figured that we may as well begin with a streaming service giant. Rivals to Netflix, Amazon Prime, HBO Now and other popular media streaming services, Hulu secured a post-money valuation of a whopping $5.8 billion back in August of 2016. This valuation was after Time Warner’s savvy investment into the company, and it is unclear what their current valuation is by 2018 standards. In any case, it’s fair to say that Hulu is still a massively popular company and a frequently used streaming service for desktop computers, video game consoles, tablets, smartphones, and other technology platforms.

Side note: To be clear, we’re using “post-money valuations” when referencing the value of each of these startups. For those uninitiated, post-money valuations refer to a company’s value after outside financing and/or capital funding is added to the company’s balance sheet. In other words, a post-money valuation is a company’s valuation after new investment from venture capitalists (VCs) or angel investors have been made to the enterprise.

Anyhow, let’s continue on with these other Los Angeles startups funded by lenders like The Commercial Finance Group.

Razer

Not to be confused with Razor scooters, Razer is an Irvine-based startup focusing on gear for gamers – you know, things like high-quality computer mouses, mouse pads, gaming laptops, headsets, software, and other video game-friendly gadgets. Reaching an impressive valuation of $1.5 billion back in May of 2017, it goes to show that you can enter an already-competitive market and still be successful. Given the rise of gaming’s popularity, especially when you consider gaming stream services like Twitch, this is a fairly sensible market to invest in.

SpaceX

Naturally, a company bent on privatized space exploration is going to be valued very high, and if it was literally and figuratively launched by innovator Elon Musk, then, of course, it’s all-the-buzz in the tech world. Sure enough, back in June 2016, SpaceX reached a post-money valuation of $15 billion in June 2016 – yes, you read that right. $15 billion. While SpaceX was founded by Musk back in 2002, it’s only been in recent years that the company has finally received the attention that it deserves. With the recent successful launch of Falcon Heavy, we have to imagine that SpaceX is doing pretty well for themselves, to say the least.

Cylance

This name might be a little more unfamiliar for most people compared to these other big company names, but this Irvine-based security startup still holds a respectable $1.1 billion post-money valuation as of June 2016. Cylance focuses on artificial intelligence-based advanced network security threat detection, identifying digital threats before they occur and cause damage to software or hardware. A hot company in 2016, Cylance was one of several LA-based  companies named on Inc’s “Top 15 Companies of the Year.”

The Honest Company

Right off the bat, there’s a compelling brand name that makes you want to know more about what they do. Founded by A-lister Jessica Alba, The Honest Company is a wellness brand on a mission to transparently provide consumers – especially health-conscious mothers – with verified products that are safe to use for kids and adults alike. From vitamins to personal care bundles and diapers, this e-commerce brand reached a post-money valuation of $1.7 billion back in August of 2015.

Tinder

We did mention dating apps above, so why not include this digital romance giant? Calling West Hollywood home, Tinder’s dating app is used in many, many countries all over the world. Located right on the Sunset Strip, Tinder received a post-money valuation of $1 billion back in May of 2015, which we’d venture to say has only increased since then. After all, it’s not like people stopped using Tinder…maybe except for those who found the right one. Who knows.

Age of Learning

This educational technology company has been able to develop innovative and engaging online curriculum by including gaming elements into the learning experience. Reaching the $1 billion post-money valuation threshold in May of 2016, Age of Learning has helped develop educational platforms and learning materials that pre-K, kindergarten and early elementary school students actually want to use. If only this kind of educational technology was available when we were that age.

Launching Your Brilliant Idea With Asset-Based Lending In Los Angeles

So, there you have it – these once-tiny startups in the Los Angeles area eventually grew to be tech giants that many of us know and love today. To our Los Angeles small business lenders, your business could be next with the help of our asset-based lending services. Take the next step to capital success by getting in touch with The Commercial Finance Group today!