The Single Biggest Reason Why Start-ups Succeed: Summary (by Bill Gross)

Below is a summary of Bill Gross’s TedTalk:

In the business world, timing is everything. A great idea and good execution are important, but if the timing is wrong, the company will fail. This has been proven time and again by startups that have succeeded and failed. The importance of timing cannot be overstated, and it is something that entrepreneurs must take into account when starting a new business.

Both Airbnb and Uber were able to capitalize on perfect timing, which helped them become extremely successful businesses. For Airbnb, the recession of 2008–2009 was a major factor in their success, as more and more people began to rent out their homes to strangers. And for Uber, the advent of smartphones and apps made their business model possible. If either company had launched at a different time, they may not have been as successful.

An interesting idea is a good start, but it’s not enough. In order to be successful, a business must also have good execution. This means that the idea must be turned into a reality and the company must be able to execute it well. A great example of this is Citysearch, which was founded in 1995 and became a massive success. The company was able to take the idea of an online city guide and execute it perfectly, becoming one of the first successful online businesses.

Z.com was an online entertainment company that failed due to bad timing. The company was founded in 1999, when broadband penetration was too low to make watching video content online feasible. By 2003, when broadband penetration had crossed 50 percent in America, YouTube was perfectly timed and became a massive success. Z.com was unable to capitalize on the growing trend of online video and went out of business.

Bill Gross, the founder of Idealab, has said that startups can change the world for the better. He believes that they have the power to make a difference and to improve people’s lives. Gross has seen this firsthand, as he has been involved in the creation of over 100 startups over the course of his career. He is a firm believer in the power of entrepreneurship and knows that it can be used for good purposes.