As many as 74% of failed startups are caused by premature scaling — this was the finding of the first Startup Genome report, which synthesized data from over 3,200 startups (read our summary). But a new web app just launched could potentially reduce the casualty rate.
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When you want to map something like the “startup genome”, you know you need more than just your four co-working founder friends – you need an army of people and organisations who work with startups to make it happen. Enter the seed accelerator, Blackbox. Co-founded by techVenture, StartupSchool, and FoundersFirst, Blackbox’s extended team has a track record of working with 100+ startups, including 15 exits such as Bebo, Tapulous and Lala. Now, having profiled more than 650 web startups, Blackbox has released its first Startup Genome Report. It is the first major step toward cracking the innovation code and in their words, “spreading the magic of Silicon Valley to the rest of the world”. Read more
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