Look for the similarities between billions of startups

It's a unique vision, an advanced business model, or an excellent operational capability-what qualities do an entrepreneur have to create a company worth hundreds of millions of of dollars in a few years or more than 10 years?     The venture capitalist Jacob Mullins analyzed the technology industry in recent years unique, the value of billions of entrepreneurial enterprises, hoping to be from these successful cases summed up some common ground, the following is his income. In the past 5 years, the United States has produced a total of 38 market capitalisation breakthrough 100 million U.S. dollars of technology start-ups. The most valuable of these is Facebook, which has a peak value of more than $110 billion trillion, and a 38 Meebo for communications software, worth 100 million of dollars.     The value of all startups in the figure is based on the market value or the purchase price, the unit is 1 million U.S. dollars. Time from the figure can be seen, the value of 1 billion U.S. dollars of nine start-up enterprises average development time of 7 years. The shortest development time was Instagam, which was only 2 years old; the longest was Pandora, which lasted 11 years, and the average development time for all 38 companies on the list was 6.9 years before they were listed/acquired. This shows that even though the technology industry has unparalleled development speed and opportunity, Rome is not built in a day.     If the entrepreneur wants to achieve dazzling achievement, needs to have the long-term struggle the psychological preparation, simultaneously develops has the long-term struggle desire the team. Industry and business model list of 38 companies belonging to the electric business, social, gaming, media and other fields, no industry appears to be "particularly easy to succeed."     From another point of view, there are opportunities for success in any industry. Advertising is the main economic source of these technology start-ups, followed by paid subscriptions and e-commerce, and many enterprises have more than one type of income-generating model.     Of course, given the specificity of startups, two companies have yet to find a clear business model, respectively, by Facebook's acquisition of Instagram and Skype's Qik. Founders of these companies have similar characteristics--mania for products. They are often involved in all aspects of product development to ensure that consumers are in the hands of the product they think.     As a result, some entrepreneurs still serve as CEOs after companies go public, such as Facebook's Zuckerberg and Zynga's Pincus. Value-positioning startups that value more than 1 billion dollars have a clear common denominator, focusing on creating value for end consumers. Facebook helps users connect with each other, LinkedIn provides a career network for users, Zynga offers games to users, and Pandora provides music services to users. Not only do they have the ability to constantly attract new users, they can also stick their users on their platform after registering.     The trick is to focus on creating value for users. Innovation & Plagiarism The companies that make the list are not necessarily "subversive", although the creators of the mobile image-sharing model Instagram and relocate the Internet-broadcast Pandora, but there is more to beat Myspace's Facebook and Zappos to sell shoes.     Great startups don't necessarily need a piece of soil that no one has ever dabbled in, and entrepreneurs don't need to fear the fierce predators in the market. Conclusion If you want to create a business that is worth billions of dollars, it's best to do this three: be prepared for long-term entrepreneurship and recruit partners with the same ideas; have a passion for products and a unique perspective of the entrepreneurial partners, the market is not afraid of existing competitors, believe that they can do better, believe that success will eventually belong to their own.