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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. He found one important factor explaining why startups succeed.

about what makes companies succeed the most,

what factors actually matter the most for startup success.

is one of the greatest forms to make the world a better place.

If you take a group of people with the right equity incentives

you can unlock human potential in a way never before possible.

You get them to achieve unbelievable things.

But if the startup organization is so great,

I wanted to find out what actually matters most

And I wanted to try to be systematic about it,

avoid some of my instincts and maybe misperceptions I have

from so many companies I've seen over the years.

because I've been starting businesses since I was 12 years old

when I sold candy at the bus stop in junior high school,

to high school, when I made solar energy devices,

And when I graduated from college, I started software companies.

and in the last 20 years, we started more than 100 companies,

accounted the most for company success and failure.

I used to think that the idea was everything.

I named my company Idealab for how much I worship

the "aha!" moment when you first come up with the idea.

I came to think that maybe the team, the execution, adaptability,

I never thought I'd be quoting boxer Mike Tyson on the TED stage,

"Everybody has a plan, until they get punched in the face."

And I think that's so true about business as well.

is its ability to adapt to getting punched in the face by the customer.

that the team maybe was the most important thing.

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The single biggest reason why startups succeed | Bill Gross

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