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The tweet is saying that only 1.25% make it to a billion, but a startup doesn't need to make 1 billion to be a success. How about one that makes 100 million? or
by computerdork 2y ago
The tweet is saying that only 1.25% make it to a billion, but a startup doesn't need to make 1 billion to be a success. How about one that makes 100 million? or even 10 million? At these levels of revenue, if the company is sold, the founders will still be rich (not ultra rich, but have a million in the bank or more).
And, for ycombinator, the number of "startup exits" is: 351 (according to this page: https://explodingtopics.com/blog/startup-stats https://explodingtopics.com/blog/startup-stats). Am no expert at startups, but this may mean that out of the 4000 that when through ycombinator, ~9% where valuable enough for investors to take profit. That sounds like a decent success rate for me (think I read that the success rate of ycombinator startups is similar to that of the rest of tech).