Software-based startup firms eventually valued at over $1 billion by public or private market investors represent a rather miniscule 0.07 percent of venture-backed consumer and enterprise software startups, a study by Cowboy Ventures finds.
To be sure, the survey only studied software-based startups started since 2003.
Takeaway: it’s really hard, and highly unlikely, to build or invest in a billion dollar company.
The odds of creating a $1 billion valuation company is "somewhere between catching a foul ball at an MLB game and being struck by lightning in one’s lifetime."
Sunday, November 3, 2013
0.07 Percent of Startups Reach $1 Billion Valuations?
Gary Kim has been a communications industry analyst and journalist for more than 30 years, covering the business impact of technology. These days he especially studies changing business models and strategies.He speaks frequently at conferences and spends quite a lot of time organizing conferences and content as well.
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