Showing posts with label Silicon Valley. Show all posts
Showing posts with label Silicon Valley. Show all posts

Tuesday, April 10, 2012

Odds of Winning a Silicon Valley Jackpot.

The recently announced acquisition of Instagram by Facebook has evoked an article with this title:
Clearly, some form of a product that appeals to the billions of netizens is the prerequisite for such a jackpot.

However, here's a little tongue-in-cheek way of analyzing for the odds.

Now, if you are an engineer with all the right personal ingredients to create a startup, you'd do well to consider the following facts:
  1. The odds of someone's winning MEGA Millions jackpot, which reached recently as high as $640 million, is 1 in 176 million, according to California Lottery web site.
  2. The odds of someone's winning the smaller SuperLotto Plus jackpot is 1 in 41 million, also according to California Lottery web site.
  3. The San Francisco Bay Area, of which Silicon Valley is a part, would rank first [in the United States] with 387,000 high-tech jobs.
Now, what are the odds of an engineer's succeeding in Silicon Valley? Consider this: