The world is witnessing disruption as it has never before. Companies that can evolve and adapt faster than the world around them will only thrive and survive.
The average lifespan of S&P 500 companies was 61 years in 1958. Today, it is less than 18 years. In 2027, 75% of the companies currently quoted will have disappeared – Mckinsey
The startups have changed the complete dynamics of the business world and are disrupting the market with their innovative offerings as well as the speed of executing ideas!
If you look at the top 10 most valued companies in the world today, they have all emerged as tech giants from being startups a decade or so ago.
Amazon, Uber, Netflix all began their success saga once as tech startups. Today, they are unicorns with a dominating presence globally.
Startups play a huge role in driving the global economy through their innovative products and services. The best way to evaluate the potential of a product or technology is to see the growth of startups in it. There has been a tremendous rise of startups in every possible sector especially the rise of “tech startups” – bringing new technology-driven products and revolutionary solutions through cutting-edge technologies.
7.1% of the startups in the world operate in the Fintech (Financial technology) industry. Followed by Life sciences and healthcare with 6.8%, Artificial intelligence with 5.0%, Gaming at 4.7%, Adtech at 3.3%, and Edtech at 2.8%. It’s quite evident that modern startups incline towards digital technologies.
One fiery idea could have the ability to change the world! One ambitious entrepreneur with a strong belief in his idea can earn billions of dollars by manifesting his creativity!
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