The Red Herring Top 100 Global event concluded this week with the crowning of a hundred of tech’s brightest startups. The two-day conference, which took place in Los Angeles, welcomed hundreds of founders, entrepreneurs and investors to meet, present their companies and debate the current state of the global tech industry.
The event concluded with an awards ceremony on October 24, at which this year’s top 100 tech companies were announced by Alex Vieux, chairman of Red Herring. A full list of winners can be viewed here.
Among many high-level speakers at the event, Steve Westly, Founder and CEO of the Westly Group and former State Controller of California, detailed how the “resource efficiency revolution” is changing the world’s economy, and that the renewable age is already upon us.
Explorer’s CEO and former Managing Director of GCA Savvian, Steve Fletcher explained the current state of technology. With IPOs becoming increasingly more difficult and costly, Steve Fletcher mentioned SPACs as a new alternative exit opportunity for the next wave of tech companies.
There were positives to be drawn everywhere at the conference. Alex Vieux said that despite a positive 2018, another tech bubble “is not coming yet.”
Vieux championed the increase in world-beating companies coming from developing tech nations, of which a few were present at Top 100 Global Philippines, Turkey and Austria were all represented at the conference. That increased competition is having a significant effect on the industry. “There is nowhere to hide,” said Vieux. “Everywhere you go, there are a thousand startups.”