Ina seminal 2015 article (goo.gl/a78kA9) on the culture of entrepreneurship in Silicon Valley, Newsweek highlighted the rarity of enormously successful tech startups unicorns that were valued at over $1billion.
It likened the chances of creating a unicorn to those of a frog laying 20,000 eggs to produce a few viable tadpoles, and went on to describe these extremely rare, but highly successful, startups as thunder lizards. It said that whats missing from most conversations about unicorns and thunder lizards is the importance of failure. Both thrive in Silicon Valley not because failure is not an option but because failure can take place quickly and cheaply due to a bankruptcy culture that actually stimulates and promotes entrepreneursh…
Read the full article at: http://blogs.economictimes.indiatimes.com/et-commentary/tadpoles-to-thunder-lizards/
