Entrepreneurial Lessons From The Estonian Unicorn Factory [Forbes]
PLAYTECH PLC UNSP/ADR (PYTCY)
NASDAQ:AMEX Investor Relations:
playtech-ir.production.investis.com
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Source: Forbes
Silicon Valley has , valued at $1 billion or more, and draws on an internal market of . The can bask in being one of the startup capitals of the world, with . That breaks down to a unicorn per 1,061,897 people. Now—not to take any shine away from these two great tech hubs—just compare this with Estonia, which has a comparatively tiny population of . This country, with far fewer residents than London or the Silicon Valley area, boasts . That's one per 131,973 people, an order of magnitude lower—or, if you like, more efficient. PROMOTED The ability of such a small population, even one so well-educated, to produce this many unicorns is unique. This Baltic Tiger has a very compact and collaborative tech scene. Here, founders are united in a spirit of camaraderie that creates an ongoing virtuous cycle of talent and opportunity growth, with tech firms worth the country's national budget. The technology sector unicorns include Bolt, Gelato, Glia, ID.me, Pipedrive, Playtech, Skype, V
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