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How to build a Billion Dollar Startup
- majani 15y agoTL;DR if you want to build a billion dollar business, build a social network. Disappointingly thin article. 'Social' is not some magical key to the big bucks. There are no magical keys, and those who preach them are false prophets. Why are Gaia online, 4chan and reddit not billion dollar business? 'Social' is just but one in a myriad of competitive advantages a business can build up.
- runevault 15y agoTo me it appears as though social network/social mobile apps are the way to swing for the fences, insanely high risk with the potential stupidly big payoff if you manage to win out (aka entrepreneurial lottery). Not the smartest way to build a first business but eh.
- rprasad 14y agoStep 1: Build a social networking application built on someone else's platform. Step 2: Spend lots of someone else's money to acquire users. Step 3: ??? Step 4: Get acquired by a larger company. Still not profitable, but your founders and investors walk away with bank.
- deleted 14y ago[deleted]