Why join the navy if you can be a pirate?

Some very interesting things are going on at the Startup Genome Project. They researched startups (n=650) and they found some noteworthy patterns:

  • Founders overestimate the value of IP before product market fit by 255%
  • Startups need 2-3 times longer to validate their market than most founders expect
  • Startups that pivot once or twice times raise 2.5x more money

Read on.