As we are aware of new trends of startups and their growth of success in the market nowadays. We all discuss the present situations and development in startups in India.
Now, let’s have a look at the mindset of people for startups 20 years back.
Futurists of the early 1900s predicted an incredible boom in technology that would transform human lives for the better. In fact, many of those predictions for the future in which we live weren’t far off, from the proliferation of automobiles and airplanes to the widespread transmission of information. Of course, the specifics of how those devices would work sometimes fell broad of the mark. Yet these predictions show us just how much our technology has progressed in just a century and just how much further more innovation could take us.
People in the early 20th century who were hopeful about the future innovation might bring. The technology that came out of World War I, and the growing potential brought by electricity had many looking ahead to the coming century. Many entrepreneurs started their startups at the age of 20 and hit a punch after so long. The reason for fewer demands to be an entrepreneur in the back.
Let’s review the examples of the four most influential startups and its owner who invest almost half of their age in standing it up uniquely:
1. Facebook:
The world's biggest social network crossed the billion-user threshold right around the time it went public in 2012. Facebook annual/quarterly revenue history and growth rate from 2009 to 2021. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The data is like this:
• Facebook revenue for the quarter ending March 31, 2021, was $26.171B, a 47.55% increase year-over-year.
• Facebook revenue for the twelve months ending March 31, 2021, was $94.399B, a 28.68% increase year-over-year.
• Facebook's annual revenue for 2020 was $85.965B, a 21.6% increase from 2019. • Facebook's annual revenue for 2019 was $70.697B, a 26.61% increase from 2018. • Facebook's annual revenue for 2018 was $55.838B, a 37.35% increase from 2017.
While it's impossible to quantify how Facebook has helped people connect (or, for that matter, to harass, misinform, or plot genocide against one another), we may have learned a thing or two about data privacy and security from the giant. Since the launch of multiple federal investigations into the scandal around data-mining firm Cambridge Analytica - in which 87 million Facebook users had their information inappropriately accessed--a security firm uncovered that 540 million users' information had been left unsecured, and Facebook revealed that hackers had stolen personal information about 30 million more.
2. Instagram:
The internet has come a long way since the Valencia photo filter seemed ingenious. With its army of influencers, infinite scroll, and dominance of the mobile-attention economy, Instagram is in many ways the quintessential app of the 2010s. Kevin
Systrom and Mike Krieger founded the business right at the dawn of the decade. Facebook snapped it up two years later for $1 billion, the social network's largest acquisition to date.
3. Snapchat:
When Snapchat launched in 2011, it was the butt of a million jokes over what innovations it could bring to sexting. Turns out, Snap's founders and content creators accurately predicted the continuous shortening of people's attention spans. Within years, nearly every social platform would mimic its addictive and advertiser
friendly formula. Also admirable: Its founders' steadfast refusal to sell, and remarkable control of the company. Together Evan Spiegel and Bobby Murphy have 95 percent of the company's voting power.
4. Twitter:
Originally an experiment in micro-blogging, Twitter's influence has extended to socio political movements and fueling actual revolutions. Many of its well-documented effects have been nothing short of calamitous--from spreading racist memes to allowing direct harassment of individuals. Still, the company's role in fueling the Arab Spring, #MeToo, climate walk-outs, and a million other mini-movements, illuminate its deep, enduring cultural influence.
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