Analysis: The Start Up Genome Project
One of the most interesting things happening at this moment in the world of entrepreneurship is “The Start Up Genome Project”. The project team has acquired a large dataset of information about a few thousand high growth startups from the Silicon Valley. They have been analyzing the data for about a few months now and have come up with some very interesting insights. Some of the insights have been real eye-openers while others have stirred up debate and need to be discussed in detail before applying to the new ventures.
One of the main objectives of the study is to analyze and find out what makes a startup successful and what factors can lead to a failure. The underlying belief is that if we are able to increase the magnitude and contribution of the factors with positive influence on success and decrease the effect of factors with negative influence, the success rate of entrepreneurial ventures can be increased.
I am not sure to what extent the team in particular and the entrepreneurs and startup mentors will be able to achieve this objective, but the study has thrown up some very interesting findings. Over next few posts, I’ll try to discuss some of these important findings of the project.
