So startups that convince VCs they aren't just "uber for x" or similar clones excite greater investments? Seems pretty intuitive.
Highly differentiated startups raise 117% more funding
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Re: Highly differentiated startups raise 117% more funding
#12Earlier quoted context omitted.
I completely agree with you, but I don't think it's ever ambiguous. I think it always means 2.17 times the expected amount. If a normal startup raises $100, then a highly differentiated startup will raise $217. That's because the article could have been "X raises 20% more", in which case they'd get $120 over the $100 baseline. Basically, I think "more" is the signifier that you don't multiply by 1.17. If that's missi…
I know that, and you know that. But did the person who wrote the article also know that? How careful were they? Probably? But not definitely. Which is why I never use that term myself. Similar to the reason I never say "bi-monthly" - it could mean twice a month, it could mean once every two months. So I don't use the term.
Yeah, sorry, I meant to say I totally agree with you. I mentally explain this to myself every time I see it; 1 hour to understand what the % means, 5 seconds to actually read the article. It's terrible.