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I appreciated pg's numbers: 'Paul Graham, the head of Y Combinator, the high-profile incubator and investor, answers with some numbers. Of the more than 310 st
by gammarator 15y ago
I appreciated pg's numbers:
'Paul Graham, the head of Y Combinator, the high-profile incubator and investor, answers with some numbers. Of the more than 310 start-ups that have passed through his startup factory, a mere 25 have been sold and about 18 of those were talent acquisitions. he said. That leaves more than 285 that are still toiling away. While some of those are hugely successful — Airbnb and DropBox, for example — many are not.
“You cannot get yourself acquired on demand,” Mr. Graham said. “You have to do the start-up like you mean it.”'