The startup scene is pretty rife with founders using a problem that they have themselves in order to build a billion dollar business. If you look at many of the billion plus dollar businesses of today, they came from a founder, or sets of founders, having a problem:
I was at an innovation outpost event (innovation “outposts”, in their definition, are offices which companies who are not based in Silicon Valley have in Silicon Valley, so that they can breathe the heady, heady vapors of the innovation brewing out here) a few weeks ago where the presenter made a very interesting remark. That remark stayed with me, and now I seem to be hearing references to it over and over, with regards to the expected outcome of an enterprise innovation program, which I’ve blogged about before. I think that he made up the remark on the fly, during his talk, and at first I thought he might be just be being facetious, but as I hear more and more people use it, I’m thinking that may not be the case.
Looking to build your own billion dollar business? Chris outlines 5 ways in which billion dollar businesses leverage traits inherit in humanity in order to provide services that appeal to everyone.