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This has led to the creation of incubators, accelerators and seed funds. When I came out of college LA Law was one of the most popular shows on TV and made being a lawyer sexy, so most of my peers made that career choice. They are frustrated by the past decade of subpar returns for the sector. Thank you, Aaron Sorkin!
Starting a tech company today costs 99% less than it did 18 years ago when Y Combinator was started ( today and 2005 ), largely due to the emergence of cloud technologies, no-code tools, and artificial intelligence. has nearly quadrupled in the same time period (investments from 2005 to 2015 and total investments through 2021 ).
Many startup businesses – tech or otherwise – fail. In our industry we applaud the efforts for entrepreneurs to have tried and we know that today’s failure can bring the experience for tomorrow’s success. Yet I can’t help thinking there are many predictable failures that come from a lack of basic planning. Market Size.
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