How to Turn Down a Billion Dollars: The Snapchat Story

Maker

📌

Prospect was inspired by my job search in 2018, when I used what I learned as a VC at Khosla Ventures to join Rippling before its Series A. Our data scientist Ben built Opendoor's first consumer-facing pricing model. We have built and backtested a predictive model that considers a wide range of inputs, including fundraising and valuation data, investor quality, growth metrics like revenue and revenue growth, founder and employee backgrounds, and more. We purchase data from the same vendors top VCs use (including Pitchbook and headcount data brokers), pull traction metrics from press articles, and in some cases get traction metrics directly from the companies themselves. We have also validated the model’s outputs by surveying top investors and operators in these industries. We have evaluated every company in the US that has raised from a top 500 VC and distilled our list to the top 2%. Our predictive model produces a range of outcomes for each company’s growth over the next four years. To simplify things for job seekers and to avoid false precision, we have grouped companies into 4 tiers: 2X, 3X, 5X, and 10X. We expect a 3X rated company will be worth triple its current value in four years. No one–not even the best investors–can tell you exactly what will happen in four years. But we can take a systematic approach that drastically improves your odds. You can take a few swings and get a hit that will dramatically accelerate your career development and earnings.

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2yr ago

Shane Hegde

Air

@gallagherbilly congrats! Excited to give this a try.

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2yr ago

Billy Gallagher

How to Turn Down a Billion Dollars: The Snapchat Story

Maker

@shegde thanks Shane! Excited to see what you think

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2yr ago

Nicholas Moryl

Congrats on the launch, @gallagherbilly! Definitely wish I had a tool like this earlier in my career.

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2yr ago

Billy Gallagher

How to Turn Down a Billion Dollars: The Snapchat Story

Maker

@nmoryl thank you! You still ended up with a pretty great list of companies :)

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2yr ago

Katie Kent

Placement

Super excited to see this launch!! I’ve wanted a product like this for years — always find myself banging my head against Crunchbase and scraping together ideas from Twitter. Awesome job guys 🙌

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2yr ago

Billy Gallagher

How to Turn Down a Billion Dollars: The Snapchat Story

Maker

@k80kent thanks Katie! Yep, trying to save people from spending hours lost in Crunchbase and spreadsheets

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2yr ago