According to the prevailing wisdom here is a code snippet that ultimately predicts startup success, or failure:
*success = anything greater than 10s of millions in valuation within 2-4 years
Definitions:
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startup = nil;
funding = rich guys who live within 1 hour of San Fran;
school = drop out of east coast ivy league school;
location = move to University Ave, Palo Alto or within San Fran city limits after dropping out of said universities;
gender = male;
num_cofounders = greater than or equal to 2;
laptops = textmate loaded macbooks;
news = HN/Techcrunch;
product = better mousetrap: should be pure software;
pricing = get eyeballs!! get lots of eyeballs!!
marketing=present at techcrunch 50
success_predictor function:
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success_predictor(startup) {
if( funding && school && location && gender && num_cofounders && laptops && news && product&&pricing&&marketing)
startup = medium-high probability of success;
else
startup = medium-high probability of failure;
return startup;
}
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Accurate predictor..? I hope not.
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