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Why Timing is so Important in Small Business
Podcast Description:
In this podcast, we review Bill Gross’s TED talk, “The single biggest reason why start-ups succeed.” Gross is a serial entrepreneur who has founded over 100 companies, including Idealab and Citysearch. In his talk, he shares the five factors that he believes are most important for startup success: idea, team, business model, funding, and timing.
Gross argues that timing is the most important factor for startup success. He cites examples of successful companies like Airbnb and Uber, which were both well-timed to meet a need in the market. He also cites examples of failed companies like Webvan and Friendster, which were not well-timed.
Gross also discusses the importance of the other four factors. He argues that the idea must be differentiated and unique, the team must be well-executed, the business model must be clear, and the funding must be adequate.
Overall, Gross’s talk is a valuable resource for entrepreneurs who are looking to increase their chances of success. He provides insights into the five factors that are most important for startup success, and he cites examples of successful and failed companies to illustrate his points.
I hope you enjoyed this podcast review of Bill Gross’s TED talk, “The single biggest reason why start-ups succeed.” If you have any questions or comments, please leave them below.
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By Ryan Murray and Ethan Migliori
5
77 ratings
Podcast Description:
In this podcast, we review Bill Gross’s TED talk, “The single biggest reason why start-ups succeed.” Gross is a serial entrepreneur who has founded over 100 companies, including Idealab and Citysearch. In his talk, he shares the five factors that he believes are most important for startup success: idea, team, business model, funding, and timing.
Gross argues that timing is the most important factor for startup success. He cites examples of successful companies like Airbnb and Uber, which were both well-timed to meet a need in the market. He also cites examples of failed companies like Webvan and Friendster, which were not well-timed.
Gross also discusses the importance of the other four factors. He argues that the idea must be differentiated and unique, the team must be well-executed, the business model must be clear, and the funding must be adequate.
Overall, Gross’s talk is a valuable resource for entrepreneurs who are looking to increase their chances of success. He provides insights into the five factors that are most important for startup success, and he cites examples of successful and failed companies to illustrate his points.
I hope you enjoyed this podcast review of Bill Gross’s TED talk, “The single biggest reason why start-ups succeed.” If you have any questions or comments, please leave them below.