Necessity plays a crucial role in the invention and success of startups. It often acts as the driving force behind the creation of innovative solutions to pressing problems. During times of economic recession, for instance, startups have been funded and billion-dollar companies have been created to meet specific needs. The sharing economy, including companies like Airbnb, Lyft, and Uber, was born out of a necessity for more flexible and affordable accommodations and transportation options. This necessity not only led to the invention of these startups but also contributed to their success by creating a demand for their services.
The billion-dollar startup founder is shrouded in mystery and mythology, but don’t believe everythin...
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