Case sharing a study of how to achieve the valuation of the 1 billion U S

The Climate Corporation is known, the company provides weather information for thousands of farmers nationwide, to ensure their harvest — of course, it is also one of Silicon Valley’s most successful entrepreneurial story recently, but this success is not easily won. In fact, in the company in 2011 before the rebranding, Friedberg delivered a speech at the start Standford angle, he talked about the hardships, and let him deeply understand what is the true entrepreneur, crack I horse a look at his entrepreneurial path.

 

David Friedberg from Google drive home after work, he let the heave rain trapped on the road. On the other side of the road, he noticed a shop to rent bicycles for the tourists. They closed the shutters early because of the bad weather. On the second day, he saw the same thing happen again, and then the third day – a whole week. Friedberg said, "I’m sure the owner is not in his shop no one will rent a bicycle on a rainy day. I thought it was a bad business."

but he did a lot of thinking. Friedberg said, I suddenly thought, is not the owner will be based on how many days in a particular month does not rain shop to make money, this is actually a very big problem." Friedberg further mining, more than 70% enterprises every year, affected by the weather, he based on this idea, a simple data can illustrate: those for enterprises to provide insurance services, if in bad weather conditions, payment expenditure will increase.

at that time, he did not know the insurance industry, of course, do not understand the weather. But he set up a company called Weatherbill, which was bought last week for $1 billion.

today, the company is known by the name of The Climate Corporation, the company provides weather information for thousands of farmers nationwide, to ensure their harvest — of course, it is also one of Silicon Valley’s most successful entrepreneurial story recently, but this success is not easily won. In fact, in the company in 2011 before the rebranding, Friedberg delivered a speech at the start Standford angle, he talked about the hardships, and let him understand what is the real business, here are some of his views:

never say, "I want to start a startup"

for Friedberg, anything worth doing needs to start with a problem worth solving. If the Create Company for the purpose, it is difficult for entrepreneurs to solve the problem of this process.

when you say you want to start a startup