The single biggest reason why startups succeed | Bill Gross

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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Shawn Arora says:

On the surface, those stats seem to have a lot of hindsight bias built into them

saelaird says:

All completely subjective….. nonsense.

Dennis E says:

ex-post explanations are trivial and teach very little

SnazzyPantz says:

Not sure about the notion that entrepreneurs should wait until customers are "ready" for their product before launching it. Customers sometimes don't know they want something until it is being offered to them, and may prove initially dismissive/hostile to new technologies. That doesn't mean that the product will not prove successful over time if it does in fact offer great value.

Laurie Dowling says:

straight to the point

tangobayus says:

Uber is not a success. It bleeds money like a stuck pig and will never do an IPO. What if we apply machine learning or deep learning to this question?

Max Tan says:

This guy started a lot of companies but I can't find his networth on google. Hope his speech is worth something.

DeepSpace12 says:

Came here for the wrong Bill Gross.

Vaclav Haval says:

"The number one thing was … " @ 3:36.

Orrin Jones says:

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!

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