Assertion Partly supported AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Bonatsos: 15M developers and billions of mobile users unlock global entrepreneurship

Niko Bonatsos · 20 VC: Niko Bonatsos on Startup Valuations · Feb 5, 2015 · at 14:24

Niko Bonatsos, Principal at General Catalyst, cites global developer count and mobile adoption to explain why startups can originate outside Silicon Valley.

0:00 / 0:13exact quote · 13.3s
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“Now that we have about fifteen million developers, and we have several billion people that are on iOS and Android anybody can get started and build something.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Niko Bonatsos

Insight
Bonatsos: Startup growth momentum only has a 50% chance of being sustainable
“We know that growth is gold, and when you see momentum as an investor, pretty much, you know, it's fifty-fifty if it's healthy, sustainable growth that it's gonna work out.”
Niko Bonatsos Feb 5, 2015 ▶ 11:06 20 VC: Niko Bonatsos on Startup Valuations
Prediction Not checkable as stated
Bonatsos predicts many future top companies will start outside Silicon Valley
“Moving forward, I expect a lot of the world's greatest companies to be started outside of Silicon Valley.”
Niko Bonatsos Feb 5, 2015 ▶ 12:22 20 VC: Niko Bonatsos on Startup Valuations
Prediction Partly held up
Bonatsos predicts global smartphone users will reach 5 to 7 billion
“I continue to be uber excited about anything that can be delivered through a mobile device. Frankly, because from two billion smartphone owners, we're going to get to five, six, seven billion over the next decade.”
Niko Bonatsos Feb 5, 2015 ▶ 20:36 20 VC: Niko Bonatsos on Startup Valuations
Insight
Bonatsos: Building on third-party platforms creates severe platform risk
“Taking platform risk is a very serious gamble. And for sure, when you decide to build on top of somebody else's platform, user acquisition may become easier. You don't have to deal with a lot of other hassles that historically, you know, you may have to deal, …”
Niko Bonatsos Feb 5, 2015 ▶ 3:35 20 VC: Niko Bonatsos on Startup Valuations
Assertion Supported
Bonatsos: Data shows $10B+ tech companies usually have 2-3 co-founders
“You know, historically, if you look into the data the companies that have built unicorns or that have built Tech products and companies that have become ten billion dollar plus market cap enterprises tend to have a team founding team of two to three, you know,…”
Niko Bonatsos Feb 5, 2015 ▶ 4:47 20 VC: Niko Bonatsos on Startup Valuations
Insight
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“Once in a while, you get to meet an individual that can create a reality sourcing field, and can paint a very detailed version of the future. And as soon as you hear about all this, you're like, shit, if five percent of what that person told me comes true in a…”
Niko Bonatsos Feb 5, 2015 ▶ 7:00 20 VC: Niko Bonatsos on Startup Valuations
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