industry

The top prerequisite for startups? Domain experience

Thanks to angel investors and VCs who have as much money to invest as
Kool-aid to drink, young entrepreneurs with an idea and a dream
increasingly have the opportunity to roll the dice.

Thankfully, most of
them aren’t trying to build the next Facebook. And while many are
technology-focused, a growing number are industry-focused. If you look down the list of YCombinator-backed startups, for instance,
you’ll see quite a few that are targeting a traditional vertical.

To be sure, this is a good thing. While building a consumer internet media play is sexy, there are so many opportunities for new companies to apply technology to industry’s greatest challenges. That entrepreneurs are increasingly trying to do so is a positive thing.

But how many of these startups will succeed?