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Pinterest Joins The $1 Billion Club

The Huffington Post  |  By Posted: Updated: 05/18/2012 12:18 pm

Pinterest 1 Billion

Congratulations, Pinterest. Welcome to The $1 Billion Club.

After your $100 million round of financing closed Thursday, the total value of your shares soared to about $1.5 billion, vaulting you into an exclusive club of venture-backed companies that have reached or exceeded the $1 billion valuation mark. (I think this may entitle you to some sort of Billionaire Boys Club sweater vest or something.)

But don’t get too full of yourself.

Sure, Japanese e-commerce company Rakuten, the lead investor in your latest cash infusion, valued you at 1.5 times what Facebook paid for your cousin Instagram. But let’s be real here. These are heady times. The Club is losing its exclusivity. Membership has nearly doubled this past year.

At least 20 private firms now call themselves $1 Billion Club members, according to an analyst from the business and financial research firm PrivCo. It feels like they’re letting anyone in these days.

Don't get me wrong, Pinterest. You're definitely special. After all, you did recently cross 20 million users, up from 1 million in July 2011, with only about 35 employees. But to keep you grounded in these bubbly times, here are nine other tech startups that recently entered The $1 Billion Club.

All slideshow statistics brought to you by PrivCo.

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  • Realtime ($1 Billion)

    <strong>Funding Date: </strong>8/8/2012 <strong>Funding Round:</strong> $100 million <strong>Valuation:</strong> $1 Billion <strong>Key Investors:</strong> BRZtech (which is funded by many individual investors and The Ongoing Group) <em>Realtime founder and CEO André Parreira.</em>

  • Spotify ($1 Billion)

    <strong>Funding Date:</strong> 6/17/11 <strong>Funding Round: </strong>$100 million <strong>Valuation: </strong>$1 billion <strong>Key Investors:</strong> Digital Sky Technologies, Accel Partners, Kleiner Perkins Caufield & Byers <strong>Current Rumored Valuation:</strong> $4 billion <em>Spotify Founder and CEO Daniel Ek (far left) attends Spotify Knocks It Out Of The Park at Stephen Weiss Studio on November 30, 2011, in New York City.</em>

  • Gilt Groupe ($1 Billion)

    <strong>Funding Date: </strong>5/10/11 <strong>Funding Round: </strong>$138 million <strong>Valuation: </strong>$1 billion <strong>Key Investors: </strong>Goldman Sachs and Softbank Group <em>Gilt Groupe Chairman Susan Lyne at the Fortune Brainstorm Tech conference in 2011.</em>

  • Evernote ($1 Billion)

    <strong>Funding Date: </strong>5/3/12 <strong>Funding Round: </strong>$70 million <strong>Valuation:</strong> $1 billion <strong>Key Investors:</strong> Meritech Capital, CBC Capital, T. Rowe Price, Harbor Pacific Capital, and Allen & Company

  • Box ($1.2 Billion)

    <strong>Funding Date: </strong>July, 2012 <strong>Funding Round:</strong> $125 million <strong>Valuation:</strong> $1.2 Billion <strong>Key Investors: </strong>General Atlantic, US Venture Partners, Andreessen Horowitz, Bessemer Venture Partners <em>Box CEO and co-founder Aaron Levie speaks at the Enterprise 2.0 Conference in Santa Clara, CA.</em>

  • Airbnb, Inc. ($1.3 Billion)

    <strong>Funding Date:</strong> 7/25/11 <strong>Funding Round:</strong> $112 million <strong>Valuation:</strong> $1.3 billion <strong>Key Investors: </strong>Digital Sky Technologies, Andreesen Horowitz, General Catalyst Partners, Jeff Bezos (Founder and CEO of Amazon) <strong>Current Rumored Valuation: </strong>$3-4 billion

  • Fanatics ($1.5 Billion)

    <strong>Funding Date: </strong>June, 2012 <strong>Funding Round: </strong>$150 million <strong>Valuation:</strong> $1.5 Billion <strong>Key Investors:</strong> Insight Venture Partners, Andreessen Horowitz <em>Fanatics CEO Michael Rubin.</em>

  • Workday ($2 Billion)

    <strong>Funding Date: </strong>10/24/11 <strong>Funding Round:</strong> $85 million <strong>Valuation:</strong> $2 billion <strong>Key Investors: </strong>T. Rowe Price, Morgan Stanley, Janus Capital, and Bezos Expeditions

  • Palantir Technology ($2.5 Billion)

    <strong>Funding Date:</strong> 9/7/11 <strong>Funding Round: </strong>$68 million <strong>Valuation: </strong>$2.5 billion <strong>Key Investors: </strong>SAC Capital and Tiger Global Management <strong>Current Rumored Valuation:</strong> $4+ billion

  • Square ($3.225 Billion)

    <strong>Funding Date:</strong> August 7th, 2012 <strong>Funding Round:</strong> $225 million <strong>Valuation:</strong> $3.225 Billion <strong>Key Investors:</strong> Rizvi Traverse, Starbucks, Sequoia Capital, KPCB, Tiger Global Management <em> Square Founder Jack Dorsey speaks at the Tribeca Disruptive Innovation Awards April 27, 2012, in New York City. </em>

  • Dropbox ($4 Billion)

    <strong>Funding Date: </strong>10/18/11 <strong>Funding Round:</strong> $250 million <strong>Valuation: </strong>$4 billion <strong>Key Investors:</strong> Index Ventures, Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, Valiant Capital Partners, Sequoia Capital, Accel Partners, and Hadi & Ali Partovi

  • Twitter ($8 Billion)

    <strong>Funding Date:</strong> 9/8/11 <strong>Funding Round: </strong>$800 million <strong>Valuation: </strong>$8 billion <strong>Key Investors:</strong> Digital Sky Technologies