Snapchat's Evan Spiegel probably wouldn't have a hard time answering this question instantly. The twenty-something has become a billionaire with the arrival of his start-up to the stock market last week. Apparently it already has a higher valuation than many well-known and established companies in more traditional sectors. firecrackers Photo rights to Fotolia You need a couple of… if you bet big in Spain Honestly, you have to have a couple of... to launch a company that at the beginning does not have the main objective of generating income but only growing at the user level.
In Spain you have to even Phone Number List have a couple of those squared. Last week I spoke with an entrepreneur who is growing his start-up at the user level but the investors here ask him for income before putting in money . It must be taken into account that in this case it is not about some green twenty-something who does not know what he is doing. His first start-up was successfully sold so he has a proven track record. But nothing.
We have a few exceptions like Wallapop that can afford to grow by increasing the user base but also the losses by having its headquarters in Spain. I'm not sure that the recently implemented advertising system can cover all of that, but let's leave them some room because these entrepreneurs also deserve our trust and patience due to their track record.