What’s the secret ingredient for start-up success? Most people reckon that a great idea is the most important element. However, Idealab founder Bill Gross corrects this faulty assumption. His analysis of 200 companies, including some landmark successes as well as notable failures, reveals that timing is everything. getAbstract believes Gross’s clear-cut, contrarian findings couldn’t come at a better time for today’s ambitious entrepreneurs and venture capitalists.
In this summary, you will learn
- Why many high-potential start-ups fail,
- What five factors influence the chances of a start-up’s success and
- Which of these elements is the most important in determining a start-up’s fate.
About the Speaker
Serial entrepreneur Bill Gross is chairman and CEO of Idealab, a business incubator.