Startup Success Rate @100x Higher Than YC
100x higher hit rate
According to Business Insider, startups that apply to Y-Combinator have a 0.4% success rate. Using the same criteria, Idealab, the first startup studio, has a 47% success rate. Our last five startups were profitable, indicating our startup success rate may be as high as 83%. We attribute this increase to our development process and the judgement of experienced entrepreneurs who lead or startups.
We Originate our ideas
In our experience, first-hand experience with a fundamental problem is critical for startup success. All or our ideas and startups begin with a problem we've personally experienced. We just don't think there is any substitute for this.
We Use a proprietary process
We've developed a proprietary process for finding product-market fit and building a scalable path to customers. Our process, called Insight-Driven Iteration, uses customer insight to develop and optimize our innovative business models.
Entrepreneurial Judgment Matters
"Good judgment comes from experience, and a lot of that comes from bad judgment." - Will Rogers. That's why we only use experienced entrepreneurs to run our startup companies. These unique individuals are have world-class experience in business model creation and execution, helping us beat the odds of startup success.
We spin up and spin out
We believe there are two phases to building a great company: search and execution. In search, the founding team is searching for a business model. Once proven, the startup switches into execution mode. We split these activities into two teams because people are generally good at one or the other, but not both.
We are creating 124 startups over the next 10-20 years
How Can You Help?
If you'd like to join us as a partner in creating the best startup studio on the planet, contact us today.