NEW YORK, March 10, 2011 /PRNewswire/ -- Recyclebank®, a community that rewards people for taking everyday green actions, today announced that it has been named to The Wall Street Journal's The Next Big Thing list, which seeks to identify and rank venture-backed companies across all industries that have the capital, executive experience and investor know-how to succeed. Selected from a pool of more than 5,000 companies and ranked based on proprietary data from Dow Jones VentureSource and input from Dow Jones VentureWire's reporters and editors, Recyclebank was ranked fourth out of a list of 50 companies. Last week, the company took the top spot on The Wall Street Journal's Top 10 Clean-Tech company ranking, announced at the Journal's ECO:nomics Executive Conference in Santa Barbara, Calif.
"Venture capitalists are always looking for companies with a new idea that will prove powerful enough to explode into the marketplace," said Alan Murray, deputy managing editor of The Wall Street Journal. "The Next Big Thing highlights companies that we believe are worth watching and have a chance to make waves in their industry."
The Next Big Thing is an annual ranking published by The Wall Street Journal. To be eligible for the ranking, a company must be based in the U.S., have raised an equity round of financing in the three years ended Nov. 30, 2010 and have a valuation of $1 billion or less. The ranking was calculated by applying a set of four financial criteria: the track records of success for both a company's founders and management; track records for the investors on its board; the amount of capital raised in the last three years; and the percentage change in a company's valuation in the last year. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.
"This recognition by The Wall Street Journal as a 'Next Big Thing,' on the heels of our No. 1 Clean-Tech ranking, is an incredible affirmation of Recyclebank's business model and mission," said Jonathan Hsu, CEO of Recyclebank. "We are working to change how people view their role in making an impact on the environment, and are thrilled to have the support from such a prestigious organization."
Recyclebank has 165+ employees and is funded by Physic Ventures, Generation Investment Management, Kleiner Perkins Caulfield and Byers, Paul Capital Investments, RRE Ventures, Sigma Partners and The Westly Group.
To view The Next Big Thing ranking, visit http://online.wsj.com/article/SB10001424052748703300904576178673309577828.html.
About Dow Jones
Dow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron's, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision making. The company pioneered the first successful paid online news site and its industry leading innovation enables it to serve customers wherever they may be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq : NWS , NWSA; ASX: NWS, NWSLV; www.newscorp.com).
Recyclebank is a community that rewards people for taking everyday green actions with discounts and deals from more than 3000 local and national businesses. Through its online platform and partnerships with municipalities, haulers, small businesses and corporate brands, Recyclebank is empowering individuals to make a collective impact on the environment by increasing household recycling, reducing household energy usage and taking other environmentally-preferred actions. Recognized as a Technology Pioneer by the World Economic Forum, a Champion of the Earth by the United Nations Environment Programme and for Outstanding Excellence in Public/Private Partnerships from the U.S. Conference of Mayors, Recyclebank is headquartered in New York City. For more information, visit www.Recyclebank.com.