Estimated Value $1.5 billion
 
Last Year's Rank  Valuation $2.7 billion

Business Open source browser Firefox

Location Mountain View, California

More Info About Mozilla

CEO NA (no replacement has been announced since John Lilly stepped down)

Investors AOL, Mitch Kapor

Sharespost Index

Analysis Mozilla makes a ton of bank just off its licensing deal with Google, or rumored at about 85% of total revenue. That’s not a lot of diversification. The Google deal will end November 2011 and the concern becomes will Google continue given the launch Chrome Since the deal was signed, Google has delivered versions of its Windows, Linux and Mac Chrome browsers, as well as multiple extensions. This would enable the company to break its financial bond with Mozilla. If that happens, it would be an enormous financial blow to open source browser. It's interesting to point out that Chrome's market share has come at the expense of Microsoft; not of Firefox, with Firefox holding steady at around 30% market share over the last year.

We estimate Mozilla revenue to be in the $150-200 million range for 2010. As a result of the potential demise of the Google deal, we've taken our revenue multiple down to 10x (from 15x last year) giving the company a $1.5 billion valuation on the low-end of revenue.