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by notoes
4605 days ago
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Peter Thiel gives a great rundown on the whole biz. http://blakemasters.com/post/21869934240/peter-thiels-cs183-... Because of power law distribution,
"... the 100th employee at Google did much better than the average venture-backed CEO did in the last decade." So even being late on a $1b+ company is better then being first on a $100m company but orders of magnitude. And it's not worth the opportunity cost of going after $100m companies. There are, on average, four $1b companies created each year, so being even a small part of one of those may not be as crazy as it seems. http://techcrunch.com/2013/11/02/welcome-to-the-unicorn-club... |
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