Published on May 20th, 2013 | by Jose Vasquez0
Billion Dollar Startup Tech Companies: Explosive Growth from the Ground Up
The best startup tech companies have unlimited potential, and these real world examples prove it.
It might seem too ambitious to think your startup tech idea could eventually become a billion dollar enterprise, but with the right resources, excellent timing, and 100% commitment your idea could become the next tech juggernaut.
Take some of these major billion dollar enterprises as examples of how great ideas can become legendary successes:
Spotify—Five years ago, Spotify was made up of a small team with a big plan. After a few rounds of successful funding efforts, the startup tech company’s growth accelerated. As of 2013, the company is estimated to have a value of $3 billion.
Square—Mobile payments didn’t exist five years ago. Now, Jack Dorsey’s game-changing startup tech development is reportedly worth more than $3 billion.
Dropbox—In 2010, few people would have guessed that Dropbox would achieve the status it now enjoys. After a $250 million round of funding in 2011, Dropbox exploded with new innovations and an improved marketing strategy. Now, it’s worth about $4 billion.
Twitter—Of course! The naysayers never thought 140 characters would be enough for people to stay interested. Now the social media innovators are worth $9 billion.
Pinterest—Pinterest, which has no direct source of income on its platform, is now worth approximately $1.5 billion. This is especially impressive considering its basic premise.
Some of the major lessons here?
- All amazing ideas start out small—don’t give up just because you don’t have many resources to work with at first
- Pursue funding. Not only is this a great way to keep your momentum going, it’s a great way to get positive feedback to make your ideas even better.
- Be patient! Some of these companies saw success in the span of a few years, but it’s going to take consistent effort to nurture your startup tech company to success.
Remember, everyone wants to become a billionaire, but not everyone has the dedication for it. You need to have a disruptive idea to start—something that could truly change the way people live for the better—and the diligence to use hard work to make your vision a reality.
Click on the following link to read Megan Rose Dickey and Nicholas Carlson’s full article, “15 Billion-Dollar Tech Startups”