Connor Livingston Connor Livingston is a tech blogger who will be launching his own site soon, Lythyum. He lives in Oceanside, California, and has never surfed in his life. Find him on Twitter, Facebook, and Pinterest.

The age of the billion dollar startups

46 sec read

Lots of Money

Lots of Money

There was a time not too long ago when the only way to get really, really rich was to build something amazing like Henry Ford with cars, find something valuable like oil, or get really lucky. Today, the fastest and “easiest” way for people to become filthy rich is to build an internet startup and make it into something special.

It may seem easier than finding a gold mine in your backyard, but the odds aren’t as good as some thing. Companies like Facebook, Twitter, Zynga, and Instagram each hit a niche at the exact right time. None of them were the first to do what they do and an argument could be made that they’re not the best technology to fulfill their calling, but something put them in the right place at the right time with the right drive to get their services to the top. The amazing thing to consider is that today, you don’t really need anything physical. They made their billions through the virtual world, even though sites like Groupon and AirBNB do require real-world interaction to make them work.

In the infographic below, Staff.com explores some of the billion dollar startups that have popped up in the last decade, received good rounds of funding, and moved on to completely dominate their niches.

Billion Dollar Startups Infographic

 

Avatar of Connor Livingston
Connor Livingston Connor Livingston is a tech blogger who will be launching his own site soon, Lythyum. He lives in Oceanside, California, and has never surfed in his life. Find him on Twitter, Facebook, and Pinterest.

How should Facebook determine which news stories we see?

In case you missed it, Gizmodo reported last Monday that Facebook is actively and methodically suppressing conservative news stories, and has been doing so for a while. Even...
Avatar of Brian Molidor Brian Molidor
1 min read

Facebook is now wrapped in a massive political bias…

Facebook and Google have become the primary sources of news for a significant chunk of the developed world, which means that both companies are in...
Avatar of Brian Molidor Brian Molidor
1 min read

Facebook is making its own morning show

Back in the day, people would flip on the television or grab the newspaper as soon as they woke up, but nowadays, most people open...
Avatar of Louie Baur Louie Baur
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *