Startup studios are a beautiful concept. A bunch of smart people are put in one room to place many bets.

I counted over 750 of them (a 650% increase in 2022).

Here are 10 that have created many billions in value:

Why it's an interesting model:

• Because you have experienced people, you:

a) Build a company faster (studio companies scale and exit in half the times vs a traditional startup)

b) Make fewer mistakes, increasing your success chances (60% of companies raise Series A).

• You retain more equity & generate more returns (53% IRR compared to VC-funded startups at 21%).

• You'll have a repeatable winning formula to launch, build, and exit companies.

Why this model won't work:

• Lack of focus

• Not working? It's easy to move on to another idea. Startups win when they iterate and push hard enough

• No pressure to show immediate results as any other startup that might die any day now

OK, here are most successful ones:

1/ @betaworks

Founder: @Borthwick

Focus: web3, ML, and media industries.

Portfolio companies: GIPHY, Instapaper, Bitly, Tweetdeck, and others.

Success rate: 60% (60% of its companies either IPOs, get acquired, or become unicorns).