Research by Robert E. Hall and Susan E. Woodward shows that 87% of venture-backed firms exit for less than $10 million (67% exit for less than $1 million). In a world where Instagram can exit for $1 billion with no revenue or monetization plan, anything less than $10 million is an implosion.
Charlie The Unicorn
Meg was never shy about asking me what rock I was found under when I stunned her with my complete ignorance of major pop culture touchstones, so I put my mind to it and after significant remedial work I thought I’d caught up. But, no.
I’d not seen this video and only discovered it when Blyberg pointed at it as an icon of network-enabled pop culture.
The Candy Mountain video has been circulating for almost a year now and it’s a prime example of how network effects are allowing society to disseminate, in this case, popular culture, and ultimately the bulk of information deemed “important” by our fellow citizens
Indeed, my 17 year old nephew laughed when he learned I’d not seen it, lording it over me in the sort of superior way teenagers do when they discover they’ve just won a game on a walk.
Update Matty thinks he’s all that because he posted the video in January. My nephew would still laugh at him, though, as he claims he saw it a year ago.