The Constant: Companies that Matter
May 23, 2013 Leave a comment
The Constant: Companies that Matter
Paul Kedrosky University of California, San Diego (UCSD); Ewing Marion Kauffman Foundation
May 2013
Abstract:
There are few constants in entrepreneurship — perhaps none. That is why when something appears to be even semi-stable across meaningful periods, it is usually worth further investigation.
This short paper investigates just such an apparent constant. Specifically, it is often claimed that there only are fifteen to twenty information technology companies created per year in the United States that turn out to “matter,” where matter is defined as the company (relatively) promptly going from founding to $100 million in revenues. Further, and of real consequence to cities and regional economies, is that most such companies founded in any given year are thought to be in California. This paper tries to find out if the preceding is true.
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