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