+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

If You're Running A Startup And You Don't Make A Video Like These, You're Stupid

Mar 26, 2013, 18:52 IST

Screenshot/SummlyTwo very young startups called Mailbox and Summly recently sold for millions of dollars.

Advertisement

Storage company Dropbox acquired Orchestra, the company behind Mailbox, earlier this month for a rumored $100 million in cash and stock — merely a few weeks after the email app launched.

Just yesterday, Yahoo acquired two-year-old mobile news startup Summly for a little under $30 million, according to AllThingsD's Kara Swisher, even though the app had generated no revenue.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

But what did these early stage startups have in common that made them so attractive to the big players in the industry?

Neither had very many users. Mailbox had maybe 1.5 million. Summly had fewer than a million.

Advertisement

Neither made any money.

What both had was an awesome video with high-production values to show off their products.

If you're a startup and you don't make a video like these, you are dumb. Check that box!

Here are the videos:

Advertisement

Meet Mailbox from Mailbox on Vimeo.

Summly Launch from Summly on Vimeo.

Next Article