The Single biggest reason for success
When you search the net you very quickly find the statement “90% of startups fail”. An indicator for the importance of the topic. Many studies have looked into this question.
It is really worth listening to 6:40 Minutes TED2015 Talk from Bill Gross sharing the results of his research with data from hundreds of companies to answer the question:
What is the single biggest reason for a startup to succeed or not?
I do not want to reveal the answer here. Listen to Bill! It will stick in your mind and you will remember next time when you are in the situation to decide if you invest time and energy into an idea / startup or development.
Here are the factors he considered:
> Ideas > Teams > Business model > Funding > Timing
Guess before you listen to the video …
My guess was < team >.
What is your guess?
I completely share the believe with Bill that a startup organization is one of the greatest forms to make the world a better place.
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