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More than 70% had Founded Company with High Revenue
- 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 random group, a statistically staggering difference.
- In other words, founders with one small exit or prior company with a small outcome were much more likely to end up building billion-dollar companies.
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128 reads
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60% Were Not First-Time Founders
- Among the founders of billion-dollar startups, almost 60% were not first-time founders.
- 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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216 reads
Builders are Much More Likely to Start Massively Successful Companies
- Even first-time founders like Mark Zuckerberg and Bill Gates were not really first-time builders.
- They had started various projects before starting their companies that we know them for.
- Zuckerberg had created a music app called Synapse, and Gates h...
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139 reads
The Best Preparation is to Start Something
- It turns out that the best preparation for starting a wildly successful company is founding a startup.
- 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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135 reads
CURATED FROM
The Founders of Clubhouse, Spotify, Stripe, and 42% of Unicorns Have One Thing in Common
marker.medium.com
4 ideas
·618 reads
CURATED BY
Lawyer turned Artist Visionary Curator & Gallerist. Empowering self-love and joy through art & words. www.innerjoyart.com 💝 Instagram : dymphna.art
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