Wednesday, March 5, 2014

Newest Billion Dollar SoCal Startup: Auction.com

Add another, Southern California company to the exclusive list of billion-dollar plus startups here. Auction.com said this morning that it has raised $50M in a funding from Google Capital, at a $1.2 billion startup--which puts it in the ranks of only three other startups here known publicly to have passed the $1 billion mark in terms of valuation. Auction.com joins SpaceX, Snapchat, and Beats Electronics in the short list of $1 billion plus valuation, venture backed startups here.

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