"Sam Altman has said that the only criterion Y Combinator uses to evaluate applying companies is, βCan this be a $10 billion plus company?β like Airbnb and Dropbox. "
I would have thought there would be no way to predict this when looking at the initial barebones product from a few hackers building something that barely works.
If Sam can do this consistently he is a genius. Except maybe Amazon, I can't think of a single company I would have identified as "having the potential to grow into a 10 billion dollar company" in its initial form. :-(
I think what he's saying is that there are a subset of companies that no matter how successful they get, they are not in a market to ever be worth 10 billion.
I would have thought there would be no way to predict this when looking at the initial barebones product from a few hackers building something that barely works.
If Sam can do this consistently he is a genius. Except maybe Amazon, I can't think of a single company I would have identified as "having the potential to grow into a 10 billion dollar company" in its initial form. :-(