Do you have any idea how hard it is to make $1 billion?

There are 9 zeros in a billion.

Revenue beats Valuation

Nope, I am not talking about valuation.

Raising $1m in order to be valued at $1b is arguably arbitrary.

I am talking about revenue.

Making customers pay you and collecting $$ for services/products you sell them.

This is the time taken by these companies to reach $1 billion in revenue:

Groupon: 2.5 years

Priceline: 2.5 years

Amazon: 5 years

Google: 5 years

Apple: 6 years

Facebook: 6 years

Ford: 9 years

Netflix: 9 years

Tesla: 10 years

Walmart: 13 years

Microsoft: 13 years

Nike: 17 years

Starbucks: 25 years

IBM: 30 years

Disney: 45 years

The numbers are adjusted for inflation but the point is, it is really not easy to make a billion dollars in revenue.

Founders these days are infatuated with valuation every time a unicorn is born and when a superstar startup announces a round closed.

Focus on your customers, make them love you and revenue will come.

Nothing else really matters.

You should think about your customers day and night, every time you possibly can.

Do you think revenue beats valuation?

If you love startups strategies and founder’s stories, connect with me.

#startups #business #startupx #growth #success #socialmedia #unicorn #revenue #firstbillion #valuation #entrepreneurship #strategy

Durwin Ho is the CEO of StartupX, an innovation company that has just launched the HyperX Sustainability Hackcelerator. He also heads Startup Weekend Singapore.