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17 billion-dollar startups that didn’t exist 5 years ago

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DraftKings: $2 billion

DraftKings

Founded in 2011, DraftKings is a Boston-based daily fantasy sports contest provider. The company allows users to enter daily and weekly fantasy sports-related contest and win money based on individual player and team performances in the MLB, NHL, NFL, NBA and PGA. During this past year due to increasing regulatory scrutiny, DraftKing had to shut down in New York.

Oscar: $2.7 billion

Oscar

Founded in 2012, Oscar is a New York-based company that has spent the past four years trying to revolutionize health insurance through technology, data and design.

Oscar gives better plans that are easy to understand and provide comprehensive coverage, access to 24/7 doctors and primary doctor visits for free, and you can manage your prescriptions and earn rewards for staying active online.

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Written by Katie Henderson

Katie Henderson is the Strategy editor at Business Pundit. She writes articles that help business owners, executives, and employees better understand how to run a business and work as effective employees.