3 ms·
> ight fit for the vast majority of US ventures. It absolutely should not be. It makes no sense to provide high-risk big dollars to majority of anything. The
by Nokinside 8y ago
> ight fit for the vast majority of US ventures.
It absolutely should not be. It makes no sense to provide high-risk big dollars to majority of anything.
The name "startup" means different things for different people.
Paul Graham definition for startup means salable hyper-growth. Platform economies like Google, Amazon, FB, Twitter, grow trough network effects. The reason why US leads in this new economy is because they have their eye in winning big.
One big hit justifies losing lots of money in 100 mediocre startups or low growth enterprises.