DOI: 10.5176/2251-2039_IE15.4
Authors: Jeffrey L Funk
Abstract: This paper analyzes members of the Billion Dollar Startup Club, which have billion-dollar valuations and are still private. It shows that more than 90{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465} of the opportunities that were exploited by the startups are a result of technological changes related to the Internet and electronics or what this model calls a “components and systems” model. At the most, 15{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465} percent of the opportunities exploited by the startups were science-based inventions. This suggests that efforts to find new opportunities should focus on rapidly improving components and the new systems that they are making economic feasible.
Keywords: technolgoy change; startups; creative destruction; electronics, software; hardware; Internet
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