What did Billion Dollar Companies Look Like at the Series A?
This article takes a look at what billion dollar companies looked like around the time of their Series A. The companies they looked at include Snapchat, Uber, WhatsApp, and Airbnb. They attempted to extract common themes among all these successful companies. They found that most of the companies share these key traits:
1. Easy-to-Dismiss Ideas
2. Competitive Markets
3. Reinventing Existing Consumer Behavior
4. Untested Founders
5. Zero Monetization
Each of these traits is discussed with examples within the article.