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The Only 2 Ways To Build A $100m Biz

A detailed account of a Fastlane process...
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Rickson9

Rickson9

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"With tens of thousands of new start-ups being created every year, the potential of a company to truly scale and become a large, stand-alone business is more crucial than ever before. A great product is always the foundation but a clear distribution strategy becomes essential to cut through the noise. So most early-stage VCs have started to evaluate investment opportunities with an imaginary benchmark in mind: can this company become a $100 million opportunity?

Generally speaking, there are two ways (and only two ways) to scale a business to hit that $100 million threshold..."

The only 2 ways to build a $100 million business » Version One Ventures
 
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Steele Concept

Steele Concept

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I disagree. Then again I don't have 100 million dollars.

But providing a valued service or product B2B can earn you a 100 million organically. Solid innovation doesn't necessarily need the aid of venture capital. There are very few absolutes in life and I find this article a bit ignorant.

The points it makes could certainly help someone get to 100 million faster though.
 
Rickson9

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At least he speaks from a background with a little experience.

"Boris Wertz is one of the top tech early-stage investors in North-America and the founding partner of version one ventures. His portfolio encompasses over 35 early-stage consumer internet and mobile companies, including Chloe & Isabel, Edmodo, Flurry, GoInstant (acquired by Salesforce), Indiegogo, Indochino, Julep, Suite101, Sparkbuy (acquired by Google), Summify (acquired by Twitter), Top Hat Monocle, Tynt (acquired by 33across), Wattpad and Yapta. Boris is a venture partner of Munich-based Acton Capital Partners, a consumer Internet fund that is focused on later stage companies with an established track record of revenues and profitability. He is also one of the founders of GrowLab, a Vancouver-based start-up accelerator.

Before becoming an investor, Boris was the Chief Operating Officer of AbeBooks.com, the world’s largest marketplace for new, used and rare and out-of print books which got sold to Amazon in 2008. Boris joined the company in 2002 after JustBooks, the German company he co-founded in 1999, was acquired by AbeBooks. At AbeBooks, Boris was primarily responsible for marketing, business development, product, customer service and international operations and lead a team of about 60 people. This deep operational experience helps Boris to help other entrepreneurs start, build and scale companies passing on some of the lessons he learned the hard way over 8 start-up years.

He successfully finished his PhD as well as his graduate studies at the Graduate School of Management (WHU), Koblenz, majoring in Business Economics / Business Management. In 2005, Boris was named the Pacific Ernst & Young Entrepreneur Of The Year award winner and in 2011 a Top 40 under 40 nominee by Business in Vancouver as well as BC’s Angel Of the Year."
 
Steele Concept

Steele Concept

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Yeah I read that about him section. Smart guy, valid statements, I'm just saying its a blanket statement. Perhaps a more appropriate title would be "getting to 100 million quickly I'm the 21st century". I liked the article but it was just a bold title for me :)
 
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Lights

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wade1mil said:
I would say it's more realistic to go from $2m-$10m than it is $12k-$2m.
Click to expand...

Possibly. I think it's possible for me to be worth 2 million by time 2017 comes around. I'll see how I feel by then. 1 million is nice as a starting point (1 million divide by 60 yrs = 16k). 2 million is enough to retire on with bare essentials. 10 million is enough to enjoy the good life.

Even $2 can become 2 million.

You been here a while. You'll be here next yr. I'll write down my success story soon.
 
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1PercentStreet

1PercentStreet

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Lights said:
I'll see how I feel by then. 1 million is nice as a starting point (1 million divide by 60 yrs = 16k).
Click to expand...

130831979143.jpg


[SARCASM INSERT ABOVE]

Why don't you start focusing on helping solve a need then on the money.
1million is not even enough to last you 15 years. There is always something that will come up.
 
Lights

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1PercentStreet said:
130831979143.jpg


[SARCASM INSERT ABOVE]

Why don't you start focusing on helping solve a need then on the money.
1million is not even enough to last you 15 years. There is always something that will come up.
Click to expand...

What's your deal?

Million dollar is definitely enough to last 15 yrs. 66 k a yr is not something I could blow through like water. What's so major I couldn't afford as a young adult (with no seemingly health issues) for the next 15 yrs? All I need is a place to sleep and some food, and I don't plan on having kids. I can live for rent-free if I truly needed too. But I rather buy a small trailer if I had a million dollars just out of convenience. I can save and be frugal about it, so I'll always have money. What's most important to me is not really the money anyways...

it's financial security. It's knowing I can quit my jerb, it's knowing I can do whatever I wanted to do, if I wanted to sleep for the rest of my life and be lazy I can do that.... I don't care about the newest Ipad, or the newest clothing, or whatever. It's freedom.

For me to do what I want I think I need just 12 k a yr anyways. (last yr I spent like 1 k all together, if that...?) My life quality was nice too. I didn't feel poor lol. My refrigerator was full, I had pets, I had it made in the shade. The biggest expense was my beauty products to keep me young.

And like I said, it wouldn't be enough for me to live on in theory but as a starting point.

2 million is doable. You get interest on that. You have options.
 
Steele Concept

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2 mil good, 5 mil great, 10 mil excellent :). Everyone wants to be a millionaire, it's that deca thing that's cool these days, hehe.
 

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