A team of researchers at MIT believe they have pinpointed several key traits that could help policymakers and investors identify the next Amazon.com, Inc. AMZN 0.45%, Alphabet Inc GOOGL 0.1% GOOG 0.17% or Facebook Inc FB 0.19%. According to the researchers, not all tech startups are created equal, and recognizing and supporting those that are most likely to succeed could be a benefit to the entire economy.
In the past, policymakers have considered supporting tech startups to be simply a numbers game. For every Amazon that drives massive economic and employment growth, there are thousands of startups that fall by the wayside. Local and national policymakers have taken a “shots on goal” approach to supporting entrepreneurship. Essentially, they believed the best way to find the next Facebook was to encourage as many startups as possible.
“Those policies can certainly be helpful, but what that’s doing is it’s not differentiating firms based on their aspirations… It’s asking too much from the vast, vast majority of firms who don’t really have the aspiration or the potential to create growth,” Catherine Fazio, director of the Laboratory for Innovation Science and Policy at MIT explained.
Winning Traits
Instead, MIT researchers have identified…
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