The document discusses common myths about starting companies and provides counterarguments. It discusses that while tools exist to help startups, dedicated enterprise platforms can help startups grow faster (Myth 6). It also notes that some startups have achieved substantial revenues with less funding than expected (Myth 5), and that channel development is also important, not just software development (Myth 3). The document aims to dispel misconceptions around factors for startup success.
13. In the last 10 years, there have been 56 IPOs in the
enterprise space that have gotten north of a billion
[dollars in market capitalization] and just 23 in
consumer.
-Jim Goetz, Sequoia Capital
16. “This company got to
a substantial revenue
rate in less time and
fewer dollars than
any other company
I’ve experienced.”
Gordon Ritter, Emergence
Capital
Top 25 US Tech Exits by Value Creation Ratio
Valuation ≥ $100M, 2009-2014
Source: CB Insights wwwcbinsights.com via GeekWire.com
“Cloud-based life sciences
software company Veeva Systems
[…] raised just $4 million, and was
worth more than $4 billion at the
time of its IPO”
John Cook, Geekwire