There are not very many billion-dollar consumer Internet companies in the U.S.
"What most people don’t understand is that the best way to create a consumer Internet company worth north of a billion dollars is to build a digital transaction business – a company that connects buyers and sellers so they can more efficiently transact," Slavet writes on LinkedIn.
Still, there are are other ways to build a billion-dollar Internet company. Slavet points to privately held companies like Dropbox, SurveyMonkey, and Evernote, all of which are worth north of $1 billion.
"But the surprising bottom line is that the digital transactions space has yielded a longer list of billion-dollar outcomes than all other Internet sectors combined," Slavet writes.
More From Business Insider