5 Most Successful Startups of 2016

5. Cheddar

Founder: Jon Steinberg, former president of Buzzfeed

Cheddar is like CNBC for millennials and is designed to present the news with a little bit of flair. The site shows short interview and news clips and hopes to gain more revenue through paid content. The idea behind it is to make people pay for the news they want to see. The target audience is young professionals in their early 20s.