I was recently watching Charlie Kim, founder and CEO of Next Jump, presenting at the Founder Institute. During his talk he cited a TED talk by Bill Gross titled “The Single Biggest Reason Why Startups Succeed”. I found the talk and enjoyed it so much I thought I would share it. You can find the link to it by clicking here.
Bill wanted to find out what is the single biggest reason startups succeed. He analyzed 200 companies. For each company he looked at the business traits of Funding, Business Model, Idea, Team, and Timing to determine which traits correlated most to its success. The quick synopsis is that the Bill Gross study showed that Timing (42%) is the single most important factor in a why a startup succeeds. Followed by Team (32%), Idea (28%), Business Model (24%), and lastly Funding at (14%).
What do you think? Agree? Disagree? Let me know in the comments below.
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