Don’t Build a Billion-Dollar Business
>Thus, in rough numbers, the chance that a funded company goes on to become a billion-dollar business is 0.005 percent to 0.016 percent. Rounding to any significant digits, that’s basically zero.I'm really getting tired of these calculations of "the chance" of a startup doing X. You are not a lottery ticket. It's not random. The 20 year-old version of Mark Zuckerberg beats the 20 year-old version of me every time. Business isn't exactly chess, but it's a lot closer to hold'em than it is to a lottery.