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You are so wrong that I audibly laughed, even though I’m in this room by myself.
by ggg9990 8y ago
You are so wrong that I audibly laughed, even though I’m in this room by myself.
- devereaux 8y agoAre you saying that, if you take 100 random startups and look say 5 years later at how many survived AND are valued over 50 millions, you have more than 3? I would like to know which distribution you sample from :-)
- ggg9990 8y agoThat’s not what your comment says. It says that the rate of success of startups which already have $50m valuations is less than 3.8%.
- devereaux 8y agoThen I apologies for not being clear. What I meant to say, is that if we look at the coin graveyard, we are including 100% of the failed coins -- because ICO were heavily publicized. If we look at the startup survival rate, we are not including 100% of the attempt. Some will consume money, but never even make a blip on the radar. If you consider the failure rate of startups vs the failure rate of ICOs, I think ICOs show a higher success rate - and even more when you raise valuation. Here is a more extreme example: A startup valued over 1 billion is a unicorn. An ICO valued over 1 billion is at the moment (with rock bottom prices) anything above the top 18 We can disagree on the valuation formula (fair critic), but even with that a 4% success rate >50M is nothing to sneer at. It's possible to see failed startup if we use figures from an accelator, like say YC. From https://blog.ycombinator.com/yc-portfolio-stats/ https://blog.ycombinator.com/yc-portfolio-stats/ : Number of YC companies worth more than $100 million: >20 Number of companies funded by YC so far: 716 Let's say 20, and use the $100 million instead of the $50M as I can't quickly find YC numbers for $50 million. Still, 20/716 is about 2.8% So I repeat my words: a success rate of 3.8% is wonderful.