PeterThiel’s now classic book ‘Zero to One’ is about how to build companies that create new things and new markets. “Of course, it’s easier to copy a model than to make something new. Doing what we already know how to do takes the world from 1 to n. But every time we create something new, we go from 0 to 1”.
In popular terms, ‘Zero to One’ is the equivalent of ‘the winner takes it all’ (twtia), beautifully eternalized by Abba’s song.
Fabrica Ventures is now investing in three startups – Checkr, Snapdocs and Dataminr – that have the potential to become twtia companies.
Checkr is, by far, the leading technology platform for employment background check. According to Statista, more than 50 million people are now working independently in the US. For the gig economy, background checks become an integral part of the business since new hires directly interface with the customer through driving, delivery, in-home visits, etc. Checkr already supports the hiring needs of more than 10,000 businesses, including Uber, Lyft and Instacart, and should perform more than 30 million background checks in 2021.
Snapdocs is a developer of a digital closing platform designed to simplify mortgage loan closings. Snapdocs’ platform sorts notary signing agents and creates a workflow for lenders and real estate professionals, streamlining operations and enabling a better signing experience to consumers. On a monthly basis, Snapdocs now touches nearly 20% of all US real estate transactions.
Dataminr is a developer of an AI platform designed to discover critical information from publicly available data sets (from a mix of 150,000 public data sources) and to deliver real-time alerts. Dataminr’s platform detects, classifies and determines the significance of high-impact events in real-time before the news, thus providing clients across industries with the earliest updates on what matters. It has already 25+ clients in the Fortune 50 and no relevant competitor.
New technologies usually come from startups.
Fabrica Ventures’ task is to find twtia tech startups.
Checkr, Snapdocs and Dataminr will hopefully grow into twtia companies