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FireFox’s Rise, Fall, & Resurgence + How Firefox Makes Money

Over the last three decades, we have been through two browser wars, and we are likely on the cusp of the third one.  The first browser war ended with Microsoft's Internet Explorer defeating Netscape Navigator, becoming the market leader in 1998. The second browser war ended with Google Chrome dethroning Internet Explorer, becoming the market leader in 2012.  A key player of the second browser war, Firefox's browser market share peaked at 32.21% at the end of 2009.   As of August 2020, Firefox has a market share of 4.09%, coming in third after Chrome and Safari. With a market share of 65.99% & 16.82%, Google Chrome and...

Product Hunt’s Growth Story + Business Model

"Product Hunt surfaces the best new products, every day. It's a place for product-loving enthusiasts to share and geek out about the latest mobile apps, websites, hardware projects, and tech creations" If you work in technology and don't keep a daily tab of Product Hunt, one could argue that you're missing out on relevant insider information.  In some ways, Product Hunt is like Techcrunch, except it surfaces new tech products instead of new tech stories.  Tech enthusiasts use it to stay in the know. Emerging startups list themselves to get in front of the people that matter. Investors use it to scour investment...

How Google Became the Giant it is & How it Makes Money

If Google were a country, its 2019 revenue of $162 billion would make it the 60th largest economy in terms of GDP, surpassing 135 smaller countries, according to IMF data. Considering that Google had 118,899 full-time employees as of Dec 2019, its $162 billion revenue translates to a GDP per capita of $1.36 million. (You get GDP per capita by dividing a country's economic output by its population). In Q4 2019, the United States of America had a GDP per capita of $65.420. Comparing the GDP per capita of a country to the GDP per capita of a company is by no means an apple...

Patreon’s New Business Model + Increasing Competition

In 2013, Jack Conte was just another YouTuber Creator among a sea of them. Today, he is the CEO of Patreon, the world's leading creator platform, using which creators around the world have earned more than $1 billion as of December 2019. How did he go from being a YouTube Creator, without technical chops, to heading the world's largest creator platform?  Well, Conte’s story is as much his as it is Patreons’. So, let’s look into Patreon’s founding story.  And post that, we will also walk you through a bunch of other stuff -- like how exactly Patreon works, business model...

How Grammarly Makes Money [Business Model 2020]

11 years since being founded in 2009, Grammarly has more than 20 Million daily active users, over 10 Million downloads of its chrome extension and 2000+ institution and enterprise clients. And all this for a company which did not raise its first round of funding worth $110 Million until its eighth year of operation. Now, we’re not by any means trying to imply that Grammarly was bootstrapped for the initial 8 years of the startup’s journey -- the founders did make some money (nobody knows how much) from selling their first startup (more on that later), which was used to self-fund the company in...

How Fortnite Makes Money Despite Being Free to Play

In the year 2018, Fortnite made a whopping $2.4 Billion in revenue -- the most annual revenue for any game in the history of the gaming industry, a record which is yet to be broken. Despite that, Fortnite accounted only for 2.2% of the gaming industry's 2018 annual global revenue, which stood at $109 Billion. Many among us might not realize this, but the gaming industry has grown to become the largest subset of the entertainment industry.  Even bigger than the movie & music industry, both of which combined made $60.8 Billion globally in 2018. Around 80% of the total gaming industry revenue in 2018 and 2019 was attributed...

How YouTube makes Money?[ Revenue Model 2020 ]

In November 2006, almost two years after its founding in February 2005, Google acquired YouTube for a then-hefty price of $1.65 billion.  In Feb 2020, Google reported that YouTube generated $15 billion from advertisements alone in 2019 ( Youtube has various other income streams, which we will discuss below ), contributing 10% to Google’s total 2019 revenue.  Youtube has, undoubtedly, been one of the most remarkable acquisitions in the history of tech. It is the second most popular website in the world after Google. Source: Similar Web  But when it comes to engagement metrics like avg visit duration, pages per visit & bounce rate,...

Why Zoom Is Successful & How it Makes Money

When Eric Yuan, Zoom’s CEO, decided to go after the video conferencing market in 2011, the market was already flooded with incumbents like Microsoft owned Skype, Google Hangouts & the then market leader Webex, owned by Cisco. Eric was serving as the VP of Engineering at Webex when he decided to venture out on his own.  So why did he quit Webex & how did Zoom turn into such a big phenomenon? There’s no denying the fact that the coronavirus propelled Zoom’s growth in a way nobody could have predicted, not even Eric himself, but Zoom was a successful product even before this whole...

The Real History of Twitter & its Business Model

Twitter rose from the ashes of a failed startup called Odeo to go on to become the #1 platform for discovery and become widely recognized as the SMS of the Internet with 300 million monthly active users as of 2019. However, Twitter has had quite a controversial start with the real history of Twitter having a fourth co-founder who was fired and not given the credit he deserves, as per the story revealed by Business Insider. Let’s probe into Twitter’s true founding history first and then examine how it makes money. Twitter’s Founding Story Before Twitter was born, Evan Williams, one of its founders was flush with money...

How Kickstarter Started & How It Makes Money

With its mission to help bring creative projects to life, Kickstarter helps finance creativity and innovation not just for art world elites but also for people that do not have a creative background, facilitating projects in various categories such as Art, Design, Journalism, Photography, and Theater. Every Kickstarter project has a clear goal such as making an album or a book and the project creator keeps 100% ownership of their work. Since its launch in 2009, 18 million people have pledged over $4.9 billion to fund more than 180,000 Kickstarter projects. But how exactly does Kickstarter work and make money?  Let's find out, but...