Bill Gross, Founder of IdeaLab
That many startups fail is no secret. But the reasons why are not always clear. Venture Capitalist and IdeaLab Founder Bill Gross looked at 100 IdeaLab Companies and 100 non-IdeaLab Companies in terms of five essential elements that lead to success: Ideas, Team, Business Model, Funding and Timing.
One of these clearly dominated the others in terms of importance. If you have 6 and a half minutes to watch Mr. Gross’ TED Talk, you’ll learn “The Single Biggest Reason Why Start-ups Succeed”. Very important information to have before you launch any “startup,” be it a company, a product , a new location or any new venture or project.
