By 1971, due to the growing number of semiconductor innovations, the region began to be referred to as Silicon Valley. Fast forward to 2014 and the landscape has been watered down by novelty apps, news aggregators, and get-rich-quick copycat companies. If we had to name this same region today, what would we name it?
If you are doing anything worthwhile, you will have critics. Learn to discern between those providing valuable feedback on your product or service and those who simply have too much time on their hands and a sour attitude.
When four year old PayPal filed for an IPO their trailing twelve months revenue was $138 million, while sixteen year old Coupons.com had trailing twelve months revenue of approximately $153 million at filing.
If crowd funding is not a fit for your company, you can attempt to seed your company by solving a real problem for a paying customer.
With 500 million registered users, we could extrapolate an average revenue per user (ARPU) of $.63 ($316.9/500).