Project RFC $10m+
What is it?
A request for an open list by city or region (#citylist) of the tech startups in the last 10 years who are cracking the revenue code.
We are looking for businesses with $10m+ revenue run-rate (RFC $10m+), the companies who may not all become members of the Internet Dow, but are certainly contenders for its Fortune 500.
In case we hadn't noticed, business has changed - radically. In the last few years the Internet has created at very significant businesses of incredible scale and with remarkable growth rates -companies like Facebook, Groupon, Skype, Vente Privee and Zynga have gone from $0m to $1bn at mind-blowing speeds.
These are rare birds and they are the ones which people focus on. But there are already hundreds of other start-ups who have racked up very substantial revenues in the last 10 years and as Gilt, Groupon, Skye and Vente Privee increasingly show, many of these businesses are no longer in the Valley.
So in the spirit of learning from more of the great businesses across the Internet that are not just creating buzz and great Alexa numbers, but great revenue numbers - here's let's try RFC $10m+.
Hopefully this will help us to draw our some new strands of knowledge to supplement the amazing thinking being done around lean-startups and form some solid opinions on what makes great businesses, as well as great products.
How does it work?
Simple. The #citylists are not meant to be completely accurate or exhaustive - these are private companies, so how could they be.
Hopefully we can evolve decent coverage in some major tech hubs, so at least when you're travelling you have a good idea who you should try and visit :)
How can you help?
For now, Quora seems as good a place as any to keep the lists evolving.
Today I kicked off with #londonlist - and put in some markers for #paris, #berlin, #nordics, #israel and #nyc. Please help flesh them out - and share with your friends who can contribute.
This should be enough to get going with and hopefully spark a good discussion - not just about the companies themselves, but about the approaches they are taking to create great Internet businesses, not just buzz.
What about the Bay Area?
Go for it. But to be fair, we'd probably have to do #mtnview, #cupertino, #redwoodshores, #paloalto - #valley is too easy :)