Ted talk by Bill Gross on what are the main factors that makes start-ups work.
Bill analysed many of his own successes and failures, as well as other well known ones like AirBnB, Uber, Friendster etc, and identified five main themes.
- adaptation (everyone has a plan until they get punched in the face- Tyson
- business model
When the prevalence of each of these themes was then applied to the list of start-ups was, this was the result.
Timing was the most important factor. For example, Airbnb came out in the height of the recession when people really needed extra income. This overcame the reluctance to rent out rooms to strangers and proved that the model could work. Uber was launched at a similar time when Tax drivers were looking for some extra money.
An interesting TED talk and at only six minutes well worth a watch.