The San Jose Mercury News just released its annual top 150 Public Tech Companies in the San Francisco Bay Area. We are very happy to see that may of our clients in the list are doing well, and we are pulling for the few more we know are knocking on the door to make the list next year. They can count on us to help them get there in every small way we can!
This year we’d like to highlight two companies in the list dear to our hearts:
Congratulation to Trulia, who made the top 150 list for the first time this year and ranked 2nd for “Biggest percentage gain in Workforce” (+100% and one spot ahead of Tesla Motors), 4th in biggest percentage gains in Sales (+111% and one spot ahead of Twitter). Trulia is now the leading real estate search engine with $144 million in sales, a $423 million market capitalization and 1,036 employees. We incubated Trulia a few years before their successful 2012 IPO in our Pacific Business Center – San Mateo center, with 2 small interior offices for the cofounders, Pete and Sami, who were fresh out of the Stanford MBA program at the time. We were able to accompany their growth by providing them with additional office space, on-demand, for quite some time. When the company successfully raised significant VC money, they outgrew our space but we continued to provide remote support for a couple of years after they relocated to San Francisco, particularly with bookkeeping and financial support. Our friendship and admiration for the Trulia’s founders will stay with us for ever. We are pulling for you Trulia!
Congratulation to Chegg, who went public just a few months ago and made the list for the first time at the 113th position. We have had the pleasure to host Chegg’s CEO and Silicon Valley guru Dan Rosensweig many times in our Pacific Business Center Palo Alto walls before he took the helm at Chegg, and we have kept a close eye on the amazing revolution Chegg is bringing to the Education world, building a software platform that empowers students to succeed. College students can find on Chegg.com inexpensive eText or hard copy Text Books, Study Help material, Online Courses, or even internships, on-demand. Chegg already generated $256 million of sales in 2013 ($20 million more than Yelp) and has a market capitalization of over ½ Billion Dollars. Good luck Chegg!
The Pacific Workplaces Team
The Pacific Workplaces Group includes companies which operate under the following brands: Pacific Workplaces, Enerspace Palo Alto, CloudVO, CloudTouchdown, and CloudMeetingRooms.
