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The Surest Way To Build A Billion-Dollar Consumer Internet Company, by James Slavet of Greylock

Stashed in: Silicon Valley!, Startup Lessons, Greylock, Monetization

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1. There are only 24 public Internet companies worth over $1 billion.

2. In social only two public (Facebook and LinkedIn) and two private (Twitter and Pinterest) companies are worth more than $1 billion. Tumblr might join the club soon but frankly no one else is even close.

3. The easiest way to build a billion dollar Internet business is to facilitate TRANSACTIONS. Only one of the companies moves around actual physical goods (Amazon) but two-thirds of the billion dollar companies  enable commerce: Google, eBay, Priceline, Netflix, Expedia, OpenTable, Yelp, Airbnb, Square, etc.

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