Coinbase and Ripple Fail to Become Top U.S. Startups to Work For: LinkedIn Report

Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly.

With the rapid development of cryptos, blockchain is one of the most prosperous spheres to work in. In this regard, the networking platform LinkedIn published the list of the top startups to work for in the U.S., among them are some outstanding names in the crypto industry. However, such companies as Coinbase and Ripple, that were considered the best crypto-startups last year with the 3rd and 7th rankings accordingly, are no longer in the LinkedIn’s top 10 US startups list for 2019.

Top US Startups According to LinkedIn

LinkedIn is an American business and employment-oriented service that operates via websites and mobile apps. Launched in 2003, it is mainly used for professional networking, including employers posting jobs and job seekers posting their CVs.

On LinkedIn, you network with people by adding them as ‘connections,’ similar to Facebook. You converse via private message have all of your professional experience and achievements laid out in a neatly organized profile to show off to other users.

In June of this year, LinkedIn had 630 million registered members in 200 countries.

To make the list of the hottest US companies to work for in 2019, LinkedIn team analyzed four criteria: employee growth, jobseeker interest, member engagement with the company and its employees, and how well startups pulled talent from LinkedIn Top Companies list. Moreover, to be included in the list, startups must be 7 years old or younger, have at least 50 employees, be privately held and headquartered in the U.S.

According to LinkedIn, the top startup to work for this year is Snowflake Computing, a cloud-based data-warehousing company. Snowflake is a fully-managed service with a pay-as-you-go-model that works on structured and semi-structured data. The startup nearly tripled its employee count, grew revenue by 257% and doubled its valuation to $3.9 billion over its last fiscal year. Headquartered in Silicon Valley, Snowflake is expanding its team in the San Francisco Bay Area.

The second position has been taken by Dosist, a company involved in the health industry. Named by Fast Company as one of 2018’s Top 10 Most Innovative Companies in the industry, Dosist is committed to empowering people to naturally take control of their health and happiness. Over the past year, the startup has hired more than 100 employees, attracting top talents from Apple and Tesla.

IoT startup Samsara has become the 3rd hottest startup to work for in 2019. The company combines the power of IoT-enabled hardware with analytical software to boost efficiency in industries such as trucking and food production.

The only company from 2018 to remain in the top ten is Robinhood that offers commission-free trading for stocks, ETFs, options, and cryptocurrencies. Robinhood is number 7 in the list, although one position below from the last year’s rankings.

It’s an honor to be ranked #7 on this year’s #LinkedInTopStartups list. We’re excited about what we’ve got in store and can’t wait to show everyone! Visit our careers page if you’re interested in helping us democratize the financial system.https://t.co/CpX3tlGXCZ — Robinhood (@RobinhoodApp) September 4, 2019

As for Ripple and Coinbase, these companies have clinched positions 28 and 29 accordingly. It is notable that last year, when there were bearish conditions in the market, both the companies were ranked high. Unfortunately, they will not have another chance to compete for being the most attractive companies for job seekers, as conditions for eligibility include being operational for not more than seven years.