Re:New Research on Startup Growth
by Eridrus on Thursday March 03, 2016 @07:15PM
(#11221071)
There seems to be a gap between your rhetoric around "The next Amazon" and the actual paper.
In particular, the definition of success (selling for more than $10m) seems a bit low for VC-backed startup companies and is a huge gap between that and Amazon-sized economy changing companies.
Maybe I'm stuck in the HN bubble, but $10m seems like a small amount for anyone who has taken post-seed funding, and those activities (registering in delaware, filing for patents, etc) seem totally expected if you're taking funding.
I guess the question I have is: are there a large chunk of non-venture funded companies who fit their criteria? Do those have any indication of leading to huge growth? If not, then these indicators seem to be just another way of finding those companies that took funding.
In particular, the definition of success (selling for more than $10m) seems a bit low for VC-backed startup companies and is a huge gap between that and Amazon-sized economy changing companies.
Maybe I'm stuck in the HN bubble, but $10m seems like a small amount for anyone who has taken post-seed funding, and those activities (registering in delaware, filing for patents, etc) seem totally expected if you're taking funding.
I guess the question I have is: are there a large chunk of non-venture funded companies who fit their criteria? Do those have any indication of leading to huge growth? If not, then these indicators seem to be just another way of finding those companies that took funding.