“Why companies qualifying as a “First Mover” have the potential to get to $1 billion valuations almost instantly” (3minutes 52 seconds)
This video was produced in April of 2015. It explains what qualifications a company must meet to be designated as a “First Mover”. The video also explains why the designation can result in the company being valued for a billion or more very quickly. When Yahoo started to generate its first revenue dollars in late 1995 it qualified as a First Mover. Even though Yahoo was unprofitable it was able to launch an IPO and get to a billion dollar valuation in April of 1996.