The single biggest reason why startups succeed | Bill Gross

Bill Gross has founded a lot of startups, and incubated many others — and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people’s, and ranked each company on five key factors. He found one factor that stands out from the others — and surprised even him.

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11 Comments on “The single biggest reason why startups succeed | Bill Gross”

  1. Timing my as*. The reason many startups fail is simply because of lack of capital to continue or a bad team. it's not even the plan because plans change.

    No one can know when it's the "Right time" to do something because it's unpredictable and things can change in a second thus if you attribute the success of a business to the correct timing then you are simply saying that these companies success was determined out of luck or a random
    condition. The success of a business as a lot to do with money! and the need/want of the product/service you are offering but bare in mind that with a solid marketing team and a bit of psychology

    Human's can be tricked into desiring something. So again money, money, persistent, persistent, it's not even your idea. There are many successful non original companies. I wish my father gave me a small loan of a million! I got a micro loan of 1k it will have to do!

  2. But how would one know what is the time and how to catch it so that the competitor doesn't take your idea first? For example, more and more people want banks to diminish and use apps only for any transactions they have. But no one seems to fund that idea, to actually create one and only bank that is exclusively online. Now it's the time and nobody's going for it. Maybe it's not worth it financially? How would you know if you don't start and maybe fail. So, these factors are good, but in practice, it may not apply all the time.

  3. Everyone quotes Mike Tyson, but isn't that just a paraphrase of a much much older quote?
    Helmuth van Moltke. 1880,
    “No plan of operations reaches with any certainty beyond the first encounter with the enemy's main force.”

  4. For Uber and Airbnb, I don't think timing really mattered.. technology was there for them, idea changed everything..

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