Which startups/industries will survive? The information startups won’t survive.
Interested in founding a startup? Your success may depend on the industry you choose. I’ve seen a lot of conflicting statistics about the likelihood of success, so I put together these graphs on the survival rates of establishments as a function of time since founding.
The first graph shows the average survival rate across all industries. Specifically, it depicts the percentage of establishments (these count multiple branches/franchises) that is still open from one to five years after initiation. The data used include ten consecutive years of startups, including all U.S. companies that first opened their doors between 1998 and 2007. The graph indicates that, after five years, about 54% of startups are still operating.
The second graph plots the data by industry, normalized to the average across all industries. For this, I took the differences (subtraction, not division) in percentages between the curve for each industry and the average shown in the first graph. This highlights which industries have, in the past decade, outperformed and remained more likely to stay in business, and which have underperformed, with more establishments closing.
Data source: http://1.usa.gov/QN2TDp
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Startup is Growth.
A company that grows at 1% a week will grow 1.7x a year, whereas a company that grows at 5% a week will grow 12.6x. A company making $1000 a month (a typical number early in YC) and growing at 1% a week will 4 years later be making $7900 a month, which is less than a good programmer makes in salary in Silicon Valley. A startup that grows at 5% a week will in 4 years be making $25 million a month.
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What Technology Wants –
This provocative book introduces a brand-new view of technology. It suggests that technology as a whole is not a jumble of wires and metal but a living, evolving organism that has its own unconscious needs and tendencies. Kevin Kelly looks out through the eyes of this global technological system to discover “what it wants.” He uses vivid examples from the past to trace technology’s long course and then follows a dozen trajectories of technology into the near future to project where technology is headed. This new theory of technology offers three practical lessons: By listening to what technology wants we can better prepare ourselves and our children for the inevitable technologies to come. By adopting the principles of pro-action and engagement, we can steer technologies into their best roles. And by aligning ourselves with the long-term imperatives of this near-living system, we can capture its full gifts. Written in intelligent and accessible language, this is a fascinating, innovative, and optimistic look at how humanity and technology join to produce increasing opportunities in the world and how technology can give our lives greater meaning.
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And Hope is a flimsy thing.
Lisa Ann Sandell, A Map of the Known World
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The sharing economy has come on so quickly and powerfully that regulators and economists are still grappling to understand its impact. But one consequence is already clear: Many of these companies have us engaging in behaviors that would have seemed unthinkably foolhardy as recently as five years ago. We are hopping into strangers’ cars (Lyft, Sidecar, Uber), welcoming them into our spare rooms (Airbnb), dropping our dogs off at their houses (DogVacay, Rover), and eating food in their dining rooms (Feastly). We are letting them rent our cars (RelayRides, Getaround), our boats (Boatbound), our houses (HomeAway), and our power tools (Zilok). We are entrusting complete strangers with our most valuable possessions, our personal experiences—and our very lives. In the process, we are entering a new era of Internet-enabled intimacy.
This is not just an economic breakthrough. It is a cultural one, enabled by a sophisticated series of mechanisms, algorithms, and finely calibrated systems of rewards and punishments. It’s a radical next step for the person-to-person marketplace pioneered by eBay: a set of digital tools that enable and encourage us to trust our fellow human beings.
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OMG – This is what i want – http://bit.ly/1f21DYt
Put your main ingredients inside Mellow, from a few hours up to a few days ahead of your meal. The cooling system will keep your food fresh until it’s time to start cooking.
Use your phone to select what you’re cooking, when you want it ready, and how you’d like it cooked. You can change your mind any time during the process.
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