The Founders of Clubhouse, Spotify, Stripe, and 42% of Unicorns Have One Thing in Common - Deepstash

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The Founders of Clubhouse, Spotify, Stripe, and 42% of Unicorns Have One Thing in Common

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60% Were Not First-Time Founders

  1. Among the founders of billion-dollar startups, almost 60% were not first-time founders.
  2. In a randomly selected group of startups that had raised a minimum of $3 million in venture capital funding but didn’t reach unicorn status — the typical picture for a seed-funded startup — about ...

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More than 70% had Founded Company with High Revenue

  1. Another relevant data point: of the repeat founders of billion-dollar companies, more than 70 percent had founded a previous company (42% in absolute numbers) that was acquired for around $10 million or had similar levels of revenue — compared to 24 percent in the r...

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Builders are Much More Likely to Start Massively Successful Companies

  1. Even first-time founders like Mark Zuckerberg and Bill Gates were not really first-time builders.
  2. They had started various projects before starting their companies that we know them for.
  3. Zuckerberg had created a music app called Synapse, and Gates h...

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The Best Preparation is to Start Something

  1. It turns out that the best preparation for starting a wildly successful company is founding a startup.
  2. If you have never started a company, the best preparation for doing so is to start something, maybe a club, a side hustle, or simply selling something onl...

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