Image: TED Conference , CC BY-NC 2.0
In April 2017 published an article Will Gornalla from the University of British Columbia and Ilya Strebulaeva Stanford called "We bring venture business assessments to reality." In it, scientists analyzed the estimates of more than hundreds of world-famous companies (including technological ones) with an estimate of one billion dollars or more (the so-called "unicorns").
It turned out that these estimates do not always correspond to reality and can be repeatedly overstated. We publish the main findings of this study.
Since the days of a Gold Rush a little has changed in the rating of high-risk enterprises by the man. A half century later, still in the same California is the Silicon Rush epicenter.
Here are in the photo San Francisco in XIX century and today.
What if someone copies your brilliant business idea?
About twenty people asked this question on Answers OnStartups:
When I meet with an investor, he may ask me: What if a big company copies your idea and develops the same website as you did?
How can I answer this question?
No, the question is: What are you doing now, knowing that a big company will copy your idea?
No, wait, the real question is: What are you going to do when another smart and quick startup will copy it and gets $10 million financing?