Ten Big Changes in Ten Silicon Valley Years
- Total sales of the SV150 grew from $452 billion in 2009 to $1,085 billion today (2.4 x)
- Market cap of the SV150 grew from $1.4 trillion in 2009 to $4.9 trillion today (3.5 x)
- 55 of the companies in the SV150 ranked on 2009 sales are still on the list ten years later in 2019; these 55 companies represented 84% of 2009 sales
- Hewlett Packard was in the top 2009 spot with $117 billion in sales; the top spot was overtaken by #2 ranked Apple in 2010
- Apple was 10% of the sales of the list in 2009, now it is 24% and dwarfs all other SV150 companies (it is twice as large as #2 Alphabet)
- The largest 2009 company to “disappear” from the list is #7 ranked Sun Microsystems, with $10.7 billion in revenues that year; other 2009 tech darlings you won’t see anymore today: #11 Yahoo, #62 Palm Computing, and #88 Silicon Graphics
- Two companies in today’s top ten were not even on the 2009 list: #5 ranked Facebook (IPO 2012) and #10 ranked Tesla (IPO 2010)
- Size matters: 66% of Top 50 companies survived, 34% of Mid 50 survived, and only 10% of the Bottom 50 companies are still on the list after ten years
- The ten years were by no means steadily “up and to the right” — about half the 55 surviving companies climbed spots on the ranking, and the other half experienced declines in the ranking
- Less silicon in Silicon Valley: the semiconductor sector declined dramatically (43 companies down to 23 today), to be replaced by a more than doubling of software companies (both systems software and internet applications software)
Thank you to the Mercury News for its SV150 list published April 18, 2010, from which the 2009 data is taken; 2009 data expressed in nominal dollars (not adjusted for inflation). The 2019 Lonergan SV150 rankings are provided by Lonergan Partners as a public service.
Click below for a downloadable PDF of the rankings suitable for printing.