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The single biggest reason why start-ups succeed | Bill Gross | TED

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6M views|9 years ago
💫 Short Summary

The video explores the key factors for startup success, with timing identified as the most critical element, followed by team and execution. Examples from companies like Airbnb and YouTube illustrate the importance of timing in economic conditions. The speaker highlights the significance of a clear business model, funding, and adaptability, emphasizing that while execution and idea are crucial, timing may be the most critical factor for success in startups.

✨ Highlights
📊 Transcript
Key highlights on startup success.
Emphasis is placed on the significance of team, execution, and adaptability over the initial idea.
Clear business model, funding, and timing are highlighted as important factors in company success.
Analysis of various companies, including Airbnb and Webvan, reveals unexpected factors contributing to success and failure in the business world.
Timing is identified as the most critical factor for success in startups, accounting for 42% of the difference between success and failure.
Team and execution were ranked next in importance, with the idea coming in third.
Airbnb and Uber were cited as examples of companies that highlighted the significance of timing during economic conditions.
The failures of Z.com were attributed to poor timing, particularly due to low broadband penetration.
The success of YouTube was used to emphasize the importance of perfectly timed market entry.