Wonder

Research Outline

Prepared for Dmitry A. | Delivered August 13, 2020

Startup Studios/Holding Companies Data

Goals

To provide data on some of the largest startup studios/holding companies in the US, UK, and Canada including Constellation Software, IAC, Rocket Internet, eFounders, BetaWorks, and Tiny Capital. Specifically, for each, provide their market cap, number of employees, a brief summary of their focus (target industries/sectors), number of companies, and how long did it take to grow portfolios.

Early Findings

Constellation SoftwareOverview: Constellation Software was founded in 1995 with an aim to "assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market." Today, the company has a diverse customer base of more than 125,000 customers operating in 100+ countries across the globe. The company achieved this growth "through a combination of acquisitions and organic growth." 
Headquarters: Toronto, Canada, with offices in North America, Europe, Australia, South America, and Africa. 
Market Cap: $32.44 Billion 
Employees: 15,000.
FY 2019 Revenue: US$3.49 billion 
Q2 2020 Revenue: US$922 million  
Half Year (Q1+Q2) 2020 Revenue: US$1.875 billion  
Companies: 6 (Volaris, Harris, Jonas Software, Vela Software, Perseus Operating Group, and Total Specific Solutions). 
IAC Overview: IAC was founded in 1995 as Silver King Broadcasting Company
. The company aims to invent or acquire new products and brands. It operates in 5 core 
segments and features more than 150 brands and products. 

Headquarters: New York City, with business operations and satellite offices across the world.
Core Segments: ANGI Homeservices Inc., Vimeo, Dotdash, Search (Ask.com etc.), and Emerging and Other (Care.com, The Daily Beast, Mosaic Group, Bluecrew, and NurseFly). 
The company operates Vimeo, Dotdash and Care.com, among many others, and also has majority ownership of ANGI Homeservices, which includes HomeAdvisor, Angie’s List and Handy. 
Market Cap: US$10.47 Billion 
Employees: 9,269.
Companies
IAC has created 10 public companies including: 

 Expedia, Inc. (2005) 
 Home Shopping Network (2008)
 
 Ticketmaster Entertainment, Inc. (2008)
 
 Interval Leisure Group, Inc.
 
 Tree.com (2008)
 
 TripAdvisor (2011)
 
 Match Group (2015)
 
 Trivago (2016)
 
 IAC (2016 began trading as IAC)
 
 ANGI Homeservices (2017) 
Summary of FindingsIn the initial hour, we were able to cover some of the requested details for Constellation Software and IAC. 
We can continue the research and provide all of the information in the shared spreadsheet. 