With apps in the Google and Apple app stores surpassing 1.3 and 1.2 million, respectively, everyone out there is ready to build the next Facebook, Instagram or Uber. However, only a few startups are successful in achieving the growth needed to become a multibillion dollar company.
Technology news these days often features billion dollar valuations and huge growths of startups, but the truth is far from true. When Facebook started off, neither was it such a novel idea, nor was it a first of its kind in the market. Similarly, AltaVista and Yahoo preceded Google; DropBox came into the picture when cloud computing became a cliché.