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This isn’t surprising, given other research about the performance of diverse teams; it’s a timely reminder of the importance of increasing female entrepreneurship and of the opportunity that VCs may be missing by continuing to disproportionately fund white men. Female-founded startups outperformed all-male teams.
Until 2014, Uber had fewer than 500 employees; today their headcount is around 3,000 people. For instance, Snapchat’s cofounders, Evan Spiegel and Bobby Murphy, started working together on a website for students called Future Freshman, among other projects, while at Stanford University. Unicorns are: Small in size.
Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. In 2014 a graduate student at Stanford named Etosha Cave and two colleagues began their entrepreneurial journey. This is a dangerous mindset.
In 2014, for example, 18 IPOs raised a record-breaking $9.8 Although the technical team often remains in Israel, many of the executives interviewed recommend departing for the U.S. Alan Feld, cofounder and managing partner of Vintage Partners, cautions Israeli entrepreneurs not to define their product category too narrowly.
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