Seven things billion-dollar startups do

Here are some ingredients for billion-dollar startups I’ve isolated.

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1) Make one button do something magical for the consumer. (Uber)

Uber with code(love) from Uber blog

Uber with code(love) from Uber blog

2) Make technologies enterprise-friendly (Red Hat)

Red Hat with code(love) from linuxjournal.com

Red Hat with code(love) from linuxjournal.com

3) Create a well-balanced marketplace (AirBNB)

AirBnB growth curve from AirBnB with code(love)

AirBnB growth curve from AirBnB with code(love)

4) Aggregate information across several networks (Hootsuite)

Hootsuite with code(love)

Hootsuite with code(love)

5) Create a software solution to a very specific enterprise pain point, helping automate the process (Zendesk)

Zendesk with Arcaris

Zendesk with Arcaris

6) Empower individual consumers to do something magical with a great interface (WordPress)

Wordpress with code(love)

WordPress with code(love)

7) Facilitate a lucrative yet “unsexy” industry (Alibaba)

Alibaba with code(love) from Alibaba

Alibaba with code(love) from Alibaba

The author

Roger is an entrepreneur who has co-founded a social network entitled ThoughtBasin that looks to connect students looking to make a difference with organizations looking for difference makers. This experience has given him some setbacks, but also some priceless insights. He is deferring admission from the law school of University of Toronto to pursue his dream of creating impact through entrepreneurship, and he is constantly looking to learn and create, and to do more. He contributes to social entrepreneurship projects with his fellow Global Shapers, coordinates a volunteer tutoring site, and on his off time he unwinds by reading, writing, and dancing---sometimes, all at the same time. Follow him on Twitter at https://twitter.com/Rogerh1991.