Biology of Business

I

50 companies

IBM

Enterprise Technology & Cloud Computing

IBM has survived 113 years by mastering what most companies can't stomach: killing its own businesses before they become corpses. But survival through...

6 mentions

Intel

Semiconductor Manufacturing

Intel created the x86 architecture in 1978 and spent four decades running the Red Queen's race - investing $15-20 billion annually in R&D just to main...

6 mentions sp500, nasdaq100

IKEA

Retail / Furniture

IKEA demonstrates 80 years of phototropic discipline - systematically bending toward resource gradients while maintaining core identity. Founded in ru...

2 mentions private

IDEO

Design Consulting

IDEO doesn't just design products - it operates as a brokerage topology that generates innovation through structural holes. The design consultancy pos...

1 mention

Infosys

IT Services

With 320,000 employees and $19.3 billion in FY25 revenue, Infosys demonstrates how pioneer species create conditions that enable—and eventually challe...

1 mention

Instacart

Grocery Delivery / Gig Economy

Apoorva Mehta's 21st startup idea succeeded where his previous 20 failed because of germination timing, not a better idea. In 2012, environmental fact...

1 mention russell2000

Instagram

Social Media / Photo Sharing

Instagram launched in October 2010, six months after Color Labs raised $41 million in pre-launch funding for photo sharing. By the time Color launched...

1 mention

Interface Inc.

Manufacturing - Flooring

Interface Inc. is a US-based modular carpet manufacturer with $1.32 billion revenue (2024) that has pursued radical circular economy principles for th...

1 mention

Intuit

Financial Software

Financial software company known for its innovative approach to failure through 'failure parties.' When a project is killed, the team throws a party t...

1 mention sp500, nasdaq100

i3 Verticals

Financial Services

i3 Verticals provides integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets....

russell2000

Iberdrola

Energy

Iberdrola operates 44,675 MW of renewable capacity across four continents, yet its true power lies not in generating electrons but in constructing the...

eurostoxx

ICICI Bank Limited

Banking & Finance

ICICI Bank's transformation into India's second-largest private bank mirrors the evolution of a highly specialized predator optimizing every aspect of...

nifty50

IDEXX Laboratories

Healthcare

IDEXX Laboratories is a global leader in veterinary diagnostics, software, and water testing solutions. The company provides diagnostic products and s...

russell2000

IDG Capital

Venture Capital

IDG Capital is the pioneer species of Chinese venture capital—the first organism to colonize barren territory, creating conditions for the ecosystem t...

Private

iHeartMedia

Media & Entertainment

iHeartMedia's March 2018 bankruptcy collapsed America's largest radio broadcaster under $20 billion in debt from a 2008 LBO by Bain Capital and Thomas...

NASDAQ, russell2000

ImClone Systems

Biotechnology

ImClone's 2002 crisis—triggered by FDA rejection of cancer drug Erbitux—illustrates how single-product biotechs face binary survival odds. Martha Stew...

Defunct

IMEC

Research Institute

Belgian nanoelectronics research institute that collaborates with ASML on pre-competitive technology development. Part of ASML's research ecosystem pa...

Independence Air

Aviation

Independence Air's 2006 closure ended a low-cost carrier launched by Atlantic Coast Airlines after it terminated its United Express contract. The airl...

Defunct

Index Ventures

Venture Capital

Most venture capitalists evolved in a single ecosystem—Silicon Valley—and struggle to operate elsewhere. Index Ventures migrates between continents li...

Private

indie Semiconductor

Technology

indie Semiconductor designs and manufactures semiconductors and software solutions for advanced driver assistance systems and connected car applicatio...

russell2000

Inditex (Zara)

Retail / Fashion

Zara can design, manufacture, and distribute a new garment to 5,563 stores in 214 markets within 15 days—a metabolism so fast it defies traditional re...

Industrial and Commercial Bank of China

Banking

ICBC is the world's largest bank by total assets, offering a full range of financial products and services to corporate and retail customers across Ch...

hangseng, csi300

Industrial and Commercial Bank of China (ICBC)

Banking & Finance

$6.7 trillion in assets (2024)—the world's largest bank for thirteen consecutive years—establishes ICBC as the blue whale of finance: massive, dominan...

csi300

IndyMac Bancorp

Banking

IndyMac's July 2008 FDIC seizure was one of the largest bank failures in U.S. history, triggered by a bank run after Senator Chuck Schumer released a...

Defunct

IndyMac Bank

Banking

IndyMac's 2008 failure—the second-largest bank failure in US history at the time—demonstrates how mortgage concentration creates systemic fragility. T...

Defunct

Infineon

Semiconductors

For five consecutive years, this €15 billion semiconductor organism has maintained the apex position in automotive chips, claiming 13.5% global market...

dax40

ING Group

Banking & Financial Services

ING is a Dutch multinational banking and financial services corporation. The company focuses on retail and commercial banking with a strong digital-fi...

eurostoxx, Euronext Amsterdam +1

Instacart (Decline)

Technology

Instacart's valuation collapsed from $39 billion in 2021 to $10 billion at its 2023 IPO, reflecting the gap between COVID-era grocery delivery demand...

Declining

Instil Bio

Biotechnology

Instil Bio is a clinical-stage biopharmaceutical company focused on developing tumor-infiltrating lymphocyte (TIL) therapies for cancer treatment. The...

russell2000

Insys Therapeutics

Pharmaceuticals

Insys' 2019 bankruptcy after executives were convicted of bribery demonstrates how pharmaceutical companies can become criminal enterprises. The fenta...

Defunct

Intellia Therapeutics

Biotechnology

Intellia Therapeutics is a leading genome editing company focused on developing CRISPR/Cas9-based therapeutics. The company's platform enables precise...

russell2000

Intercontinental Exchange

Financial Services

Intercontinental Exchange operates regulated exchanges, clearing houses, and data services for global financial and commodity markets. The company own...

russell2000

Intermet Corporation

Auto Parts

Intermet's 2004 bankruptcy collapsed an iron castings manufacturer serving the auto industry. The company made engine blocks, transmission cases, and...

Defunct

International Bancshares Corporation

Financial Services

International Bancshares Corporation is a multibank financial holding company with operations in Texas and Oklahoma. The company provides commercial a...

russell2000

Interpublic Group

Advertising

Interpublic Group is one of the world's leading organizations of advertising agencies and marketing services companies. The company operates through a...

russell2000

Intesa Sanpaolo

Financial Services

Intesa Sanpaolo is Italy's largest banking group serving 14 million customers. The company provides retail, corporate, and wealth management services....

eurostoxx

Intuitive Surgical

Medical Devices

Intuitive Surgical achieved what first-movers dream of: converting technological lead into durable market dominance. The company's da Vinci system cap...

sp500

Invesco

Financial Services

Invesco is an independent investment management firm delivering investment strategies and solutions to retail and institutional clients globally. The...

russell2000

Invesco Mortgage Capital

Financial Services

Invesco Mortgage Capital nearly collapsed in 2020 when COVID-triggered margin calls forced fire sales of mortgage securities. The mortgage REIT's leve...

Crisis

Investor AB

Investment & Holding Company

Investor AB's $94 billion market value represents six generations of kin selection—the Wallenberg family's century-old strategy of maximizing genetic...

nasdaq-stockholm

INWIT

Telecommunications Infrastructure

Infrastrutture Wireless Italiane operates as Italy's dominant neutral host tower company with over 25,000 sites, embodying the biological principle th...

ftse-mib

Ionis Pharmaceuticals

Biotechnology

Ionis Pharmaceuticals is a biopharmaceutical company focused on discovering and developing RNA-targeted therapeutics. The company's antisense technolo...

russell2000

Iridium LLC (Original)

Telecommunications - Satellite

Iridium's 1999 bankruptcy wrote off $5 billion in investment in satellite phones that cost too much for too few users. The Motorola-led consortium lau...

Defunct

Iron Mountain

Business Services

Iron Mountain provides storage and information management services for physical and digital records, data backup, and secure shredding. The company op...

russell2000

Isuzu (US Car Division)

Automotive

Isuzu ended U.S. car sales in 2008 after years of declining volumes, though it continues selling commercial trucks. The company that once sold 127,000...

Defunct

Itaú Unibanco

Banking

Itaú Unibanco runs the most efficient financial network in Latin America: 22.1% ROE in 2024, BRL 41.4 billion profit, and 99% reduction in high-impact...

bovespa

ITC Limited

FMCG

ITC Limited functions as a colonial organism where semi-autonomous polyps—FMCG, hotels, paperboards, agribusiness, and IT—share a common resource circ...

nifty50, bse sensex

Itron

Technology

Itron is a technology and services company offering solutions that measure, manage, and analyze energy and water resources. The company provides smart...

russell2000

ITT Corporation

Conglomerate

Harold Geneen built ITT into the archetypal conglomerate cautionary tale. Between 1960 and 1977, he acquired more than 350 companies, growing annual r...

ITT Technical Institute

For-Profit Education

ITT Technical Institute's 2016 closure after 50 years demonstrated how for-profit education could be destroyed by regulatory action when business prac...

Defunct