October 2017
Beginner
240 pages
5h 26m
English
In September 2012, Paul Graham of Y Combinator, a seed accelerator in Silicon Valley, wrote a provocative blog post titled “Startup = Growth” that shocked people. In it, he claimed that startups must grow an audacious 10 percent per week in order to be successful. Paul declared: “If there’s one number every founder should always know, it’s the company’s growth rate … if you want to understand startups, understand growth.”1
Let’s do some quick math on that growth rate (which Paul did in his post). If you’re growing 10 percent per week for an entire year, you will grow an astounding 142 times in one year.
Very, very few companies grow that much in one year, but Paul’s point is an important one for anyone entering StartUpLand ...