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Article Description: ] by Ben Casselman @fivethirtyeight.com - an analysis of some new research by MIT on startup growth. The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now

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Content: use HTML Edit Content <h1 style="text-align: center;">new &nbsp;research on&nbsp;startup growth</h1> <h2>[WHAT]</h2> <ol> <li>] by Ben Casselman @fivethirtyeight.com - The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now&nbsp;</li> </ol> <h2>[WHY]</h2> <ol> <li>]&nbsp;</li> </ol> <h2>[WHERE]</h2> <ol> <li><strong>] READ THE FULL ARTICLE</strong></li> <ol> <li>]&nbsp;<a href="http://fivethirtyeight.com/features/the-next-amazon-or-apple-or-ge-is-probably-failing-right-now/" target="_blank">http://fivethirtyeight.com/features/the-next-amazon-or-apple-or-ge-is-probably-failing-right-now/</a></li> </ol></ol> <h2>[WHEN]</h2> <ol> <li>] 2016-03-03</li> </ol> <h2>[EXAMPLE]</h2> <ol> <li>]&nbsp;When Jeff Bezos founded an online bookstore in 1994, no one could have guessed that in less than 15 years, Amazon would fundamentally reshape the U.S. retail landscape.</li> <li>]&nbsp;Amazon&rsquo;s remarkable rise carries two important lessons for economists:&nbsp;</li> <li>] First, one ambitious, innovative company can have a huge impact not only on an industry but also on the economy as a whole.&nbsp;Amazon has contributed to the decline of entire industries &mdash; department stores, bookstores, movie rentals &mdash; while helping to create whole new ones.</li> <li>]&nbsp;second lesson: Amazon&rsquo;s success was almost completely unpredictable, at least from the outside. To an economist looking at data on new ventures, Amazon was merely a bookseller, hardly a business known for its breakout growth even before the Internet upended the industry.</li> <li>] policymakers concerned with entrepreneurship at both the local and national level have long favored what economist Robert Litan dubbed a&nbsp;<a href="https://hbr.org/2012/06/think-of-start-ups-as-shots-on-goal" target="_blank">&ldquo;shots on goal&rdquo; approach</a>: Try to encourage as many startups as possible. Most of those companies will fail. Of the survivors, most will never grow into major economic engines. But statistically, a few will turn out to be the next Amazon, with huge rewards for their local economies.</li> <li>]&nbsp;In research set to be published on Monday, however, a team of researchers at MIT argues that Amazon&rsquo;s rise wasn&rsquo;t so unpredictable after all. The researchers believe they have found a set of characteristics that can identify which companies have a shot at success. That could allow cities and states to move beyond the shots-on-goal approach and instead try to foster the specific types of companies that are most likely to create jobs and drive innovation.</li> </ol> <h2>[HOW-TO]</h2> <ol> <li>]</li> </ol> <h2>[REFERENCE]</h2> <ol> <li>] SRC = HN, <a href="https://news.ycombinator.com/item?id=11217335" target="_blank">comments</a></li> </ol> <h1 style="text-align: center;">&nbsp;</h1>