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If You Want A Billion-Dollar Startup Idea, Take A Look At This Chart - Business Insider

If You Want A Billion-Dollar Startup Idea, Take A Look At This Chart - Business Insider | Pitch it! | Scoop.it

Pinterest is the new Craigslist. That’s what Kevin Ryan, a serial entrepreneur believes.
Ryan co-founded multiple startups, including Gilt Groupe, wedding site Zola, MongoDB and Business Insider.
He’s eying new companies to start and turning to Pinterest for ideas. Ryan’s statement that Pinterest is the new Craigslist comes from a chart that was made four years ago by by Spark Capital investor Andrew Parker.
The chart is a screengrab of Craigslist’s homepage and it includes valuable startups that attack specific functionalities within Craigslist. For example, job site Indeed was acquired for about $1 billion and it is competitive with Craigslist’s Jobs section. Etsy is a $1 billion-plus company that competes with Craigslist’s For Sale category.
“Some of [the startups] have IPO’d,” Parker says. “Others are out of business. If you could have made investments in all of these companies back in 2010, you’d have a portfolio of 34 companies with roughly 6-8 billion dollar outcomes, which would likely be one of the best venture funds of the decade.”
Here’s the Craigslist chart: to see more go to: http://snip.ly/hsUi


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How Can Startups Use The Power Of Social Media (Infographic)

How Can Startups Use The Power Of Social Media (Infographic) | Pitch it! | Scoop.it


"Startups face tremendous pressure while competing with their bigger counterparts. They neither have large manpower nor big infrastructure. Social media can become an effective solution in helping them grow. This infographic shows how startups should utilize the power of social media."

The Final Thought

As it has been pointed out in the infographic, startups should make it a point to utilize social media platforms in every legitimate way. Social media does not discriminate between a large business and a startup, and this is the point where startups need to capitalize on. No matter how tough the competition is, only a strong social media presence can provide a startup with a strong foundation.

So make it a point to devote at least an hour every day to manage the social media accounts, and be dedicated to the visitors. Update the content with recent news about your startup, and see your efforts getting the rewards.


Read more at http://www.business2community.com/infographics/can-startups-use-power-social-media-infographic-0726604#L2FYoovFhIdsVd2v.99



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Marc Kneepkens's insight:

This infographic definitely makes a point: startups have the tool of social media available to them. It puts them on equal footing with established businesses. Use it.

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