frank's blog

The Startup Genome Report – Patterns Of Successful Internet Startups

Posted in innovation, internet, pioneers, quality by aldorf on May 30, 2011
The Startup Genome Project team came together 3 months ago to attempt to crack the “innovation code” of Silicon Valley and share it with the rest of the world. They just released the first Startup Genome Report— a 67 page in depth analysis on what makes Silicon Valley startups successful based on profiling over 650 startups.
The report was co-authored by Berkeley & Stanford faculty members along with other contributors including Steve Blank, the Sandbox Network team & the blackbox team.

Few findings:

1. The value-add that investors claim to offer in an operational capacity has little to no effect.

2. Startups that pivot once or twice have 3.6 times better user growth than startups who pivot three times or more. Startups that never pivot under-perform startups that pivot once or twice.
3. Startups without a technical cofounder are 80% more likely to scale prematurely, have 152% less user growth and need 45% longer to reach product market fit than startups with 1 technical cofounder.
4. Founders generally underestimate how long it will take to validate a market by 100 to 200 percent.
Read more at startupgenome.cc
Or benchmark your own start-up here»
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