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by paxtonab
3900 days ago
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I'm really surprised that Venmo started as an SMS service, not a mobile app. It blows me away that the product has been around for that long and evolved to the point that it's at now. Funnily enough this is also how Shazam started. I think it really speaks to the execution aspect of a startup - be good at doing 1 thing, create a committed user base and then scale. According to the article Venmo's target audience was originally college kids who didn't have cash on hand to pay food trucks... Now they're doing $700mm in transactions. |
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