Zero to One_ Notes on Startups, or How to Build the Future ( PDFDrive )

If even investors specializing in exponentially growing startups miss the
power law, it’s not surprising that most everyone else misses it, too. Power law
distributions are so big that they hide in plain sight. For example, when most
people outside Silicon Valley think of venture capital, they might picture a small
and quirky coterie—like ABC’s Shark Tank, only without commercials. After
all, less than 1% of new businesses started each year in the U.S. receive venture
funding, and total VC investment accounts for less than 0.2% of GDP. But the
results of those investments disproportionately propel the entire economy.
Venture-backed companies create 11% of all private sector jobs. They generate
annual revenues equivalent to an astounding 21% of GDP. Indeed, the dozen
largest tech companies were all venture-backed. Together those 12 companies
are worth more than $2 trillion, more than all other tech companies combined.