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>> Fewer than 1 percent of start-ups end up as $1 billion companies 1 percent sounds ridiculously high. I would think more along the lines of "1 in a million".
by jondubois 9y ago
>> Fewer than 1 percent of start-ups end up as $1 billion companies
1 percent sounds ridiculously high. I would think more along the lines of "1 in a million".
- jansho 9y agoAre there really millions of startups
- jondubois 9y ago7 billion people in the world. 1 million startups would mean 7000 people per startup. Yes I think millions sounds right.
- richmarr 9y ago> 7 billion people in the world. 1 million startups would mean 7000 people per startup. Yes I think millions sounds right. You may be right that there are millions of startups, but this particular test seems a little... speculative.
- occams_chainsaw 9y agoEspecially given that the majority of those are in China and India.
- dragandj 9y agoBelieve it or not, there are startups even in China and India.
- antisocial 9y agoBelieve it or not, there are people who believe in xyz even in the U.S. India is a land of paradoxes, just as the U.S these days seems to be.
- adventured 9y agoWhat are we calling a start-up? You're going to have to set at least a modestly limited definition. Any relatively new business? Sure, there are tens of millions of those started every year globally. Six million small businesses are formed each year in the US (any new business with less than 500 employees), most of those are small, usually single person, self-employment entities. That's clearly too broad however. Closer to the definition of a corporation being formed with the intent to hire other employees, it's more like half a million per year in the US. [1] It's probably safe to say it's at least five or ten times that globally. [1] http://money.cnn.com/2016/09/08/news/economy/us-startups-near-40-year-low/index.html http://money.cnn.com/2016/09/08/news/economy/us-startups-nea...
- srtjstjsj 9y agoThat still includes a huge number of local plumber/accountant/lawyer/landscaper/restuarant companies that hire a few employees. In principle they could grow into a Home Depot / McDonalds, but it is still strange to call them startups
- somewhatfar 9y agoThat statement is directly linked (literally hyperlinked) to this study: https://www.cbinsights.com/research/venture-capital-funnel-2/ https://www.cbinsights.com/research/venture-capital-funnel-2...
- kapkapkap 9y agoThe source is at the link below. Its not 1 percent of startups but rather "1 percent of startups that raised seed rounds in the US in 2008-2010". There were ~1000 of those startups, of which 10 became unicorns. https://www.cbinsights.com/research/venture-capital-funnel-2/ https://www.cbinsights.com/research/venture-capital-funnel-2...