Silicon Valley 2013

Jumio CEO Daniel Mattes participated today in a lively discussion about the defining characteristics of the next billion dollar disruptive tech company that was held at the 4 Seasons Hotel in Palo Alto. The event was put on by Hottopics, an exclusive global community for technology leaders who create and shape their respective industries. Joining Daniel on the panel were a virtual who’s who of successful tech entrepreneurs including Nirav Tolia (CEO FrontDoor), Keith Krach (CEO Docusign), Dr. Greg Raheigh (CEO, ItsOn), Chris Rogers (Co-founder Nextel), Ryan Smith (CEO Qualtrics) and VC Rory O’Driscoll of Scale Venture Partners. What are the characteristics of a disruptive billion dollar tech company? Having a big idea, getting it right before scaling, seeing and believing in the big goal thru the inevitable ups and downs, and being able to pivot as facts and realities reveal themselves. Nirav pointed out that an analysis he did during his EIR stint at Benchmark Capital, indicated that all billion dollar+ start-ups received their funding from top tier investors. He was quick to point out that these two elements are perfectly correlated but that doesn’t necessarily prove causation. These battle-tested entrepreneurs suggested that management teams that execute well on these elements will be less susceptible to creating a liquidity event before full value is reached.

About Jumio Corp

Jumio delivers the next-generation in identity verification, enabling businesses to reduce fraud and increase revenue while providing a fast, seamless customer experience.

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