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

Bill Gross has founded a lot of start-ups, and incubated many others - and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people's, and ranked each company on five key factors. He found one factor that stands out from the others - and surprised even him.
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[@EricChowder7]

This guy's ted talk was so straight up damn respect. To the point.

[@blackbox1024]

It's almost impossible to know if an idea is early/late or just right, his talk was biased

[@EricChowder7]

@@blackbox1024 And that's why you're not an entrepreneur lol. There's a lot of factors that play into timing. Some people are able to predict them while others get lucky. Then there's some who have no idea what those factors are. Who are you to say that it's impossible?

[@AkhilSharmaTech]

seriously!

[@curiouscommunity5144]

👌👌

[@blackbox1024]

@@EricChowder7 Well i'm actually an entrepreneur with an exit already at 21 years of age, but no entrepreneur can really measure timing accurately. You can take educated guesses but that's not what measures an entrepreneur's skills, let's not forget that arguably the best entrepreneur of the 21st century Jeff Bezos has had quite a lot of failures and if anyone would be good at predicting timing, it would have been him with all that experience. The biggest reason for success is founders understanding and knowing customers really well, nothing more than this one. If you really understand people, you will be in a great position to build things they actually need, i bet you the airbnb founders never ever thought about timing in 2008 when they launched their first version, all they believed in was the great social experience that two strangers can get really close in just a short amount of time. Although i'm not advising to discard timing, it's still important but it's more of a natural thing where you have little control over, if you focus on understanding people and your ability to create things fast, you can get a long way.

[@transparent91]

I'm gonna rank this as THE best TED talk I've watched so far. It's so concice and contains no unnceccessary jargon or power point spectacle. He's articulate, doesn't miss a single beat, and you get it all in just 6 minutes. More TED talks should be like this. Good job Bill Gross.

[@blackbox1024]

And he also gave wrong & misleading information about almost everything he talked about

[@shroomer3867]

@@blackbox1024 Here comes the expert

[@Mr.Monta77]

What exactly was his point? You need great ‘timing’. Ok so how do you create that? Impossible. I reject his oversimplified generalisations. I distrust his research too.

[@anonymoustraveller2254]

"you have an idea ,you love it & you want to push it forward "but you got to think logically not emotionally. this is what i take home

[@user-tq4oo1yc5v]

Stock are good but I swapped and invested in forex, Bitcoin and other cryptocurrency. I have been making profits

[@dreamerinc.8491]

Bro did you created something?

[@anandgautamm]

When he said right timing ZOOM came to my time

[@kelvinxg6754]

I have that question too Lol why Zoom is even a thing why not skype or discord

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@NoobieToob]

@Caz L Orrell Maybe but I'm sure Covid has further propelled their growth and cemented their position in this space.

[@anilchaudhari2574]

Hey that might be a good try.Try it by sugessting to any nearby restaurant & develop the app yourself. Check whether customers like it then completely lean on that side if having capital for investment or go for part time. Might be that ci Ulf be next global new start up success like zomato,umber,etc

[@anilchaudhari2574]

Uber*

[@sonyabadass]

Great Startups In the nutshell: "Create idea from current problem in the world"

[@nitintyagi6009]

You can also start up...I'm nitin a medical student in this year of virus...you can help many peoples and also can make money I'm a medical student Incubating start ups and business development

[@curiouscommunity5144]

👌👌

[@nahh-iwould-win]

Not really, needs to be at the right time. There are always problems but sometimes tech needs to catch up to it

[@curiouscommunity5144]

Yes agree

[@naumanzari7719]

Absolutely right

[@MetsuryuVids]

All the forces in the world are not so powerful as an idea whose time has come. -Victor Hugo

[@isaackarjala7916]

Zyzyzx Zyzer DO NOT PUT YOUR MONEY IN BANKS. GET A CREDIT UNION. I know, it can sometimes be difficult to find a good credit union that you are eligible to join but even the crappy ones have lower fees, lower interest rates on loans and higher interest rates on deposits than the best banks. Plus they lend disproportionately to local businesses helping the local economy.

[@neutrinocoffee1151]

Metsuryu Hey, nice one, that combines 2 of his factors: idea and timing.

[@MetsuryuVids]

neutrinocoffee Yeah, I like quotes, so I remember the good ones.

[@armandocornaglia1753]

Awesome thanks for sharing this.

[@Jake-Day]

Isaac Karjala So true. I've never understood why people would use a bank over a credit union. (Assuming there's a credit union in the area.) For any teenagers out there reading this: First, I commend you for being interested in TED talks. Second, here's the key differences between a credit union and a bank: In the United States, credit unions are not-for-profit organizations that exist to serve their members rather than to maximize corporate profits. Like banks, credit unions accept deposits, make loans, and provide a wide array of other financial services. But as member-owned institutions, credit unions focus on providing a safe place to save and borrow at reasonable rates. Unlike banks, credit unions return surplus income to their members in the form of dividends. Fees and loan rates at credit unions are generally lower, while deposit dividend and interest rates are generally higher than banks and other for-profit institutions.

[@ashirvadmohanty5331]

"Everybody has a plan until they get punched in the face"...... this line has won me

[@TheKimNeeper]

Yea, we knew we would hit $5M on crowd, until the number $42k punched us in the face...

[@neutrinocoffee1151]

I love this guy's energy, but you have to keep in mind that the raw data that went into this whole analysis was just his subjective intuitions about how good the timing, idea, funding, business model, and team of each company was. Who knows how accurate that is. And it might be biased toward certain hunches he already has about why startups succeed, since he is thinking about these companies retrospectively, already knowing which ones succeeded and which ones failed.

[@ArasmusInc]

neutrinocoffee had he rated youtube in 2005 or instagram in 2010 ... then his results would've been more convincing...its easy give youtube a 9 on timing when you are rating retrospectively

[@RobVicRJ]

Arasmus Inc. well, isnt that intrinsic of timing evaluation itself? I dont disagree with you guys, but MAYBE timing can only be measured with certainty long after it happened..

[@bighands69]

He would have metric that he measures businesses against and it would have a qualitative approach that is mixed with a quantitative approach.

[@nguyenvu8262]

It's not really possible to remove all biases in this kind of evaluation. But I think the approach is sound and it seems consistent and reliable. If his finding is peer-reviewed somewhere, I would definitely believe it.

[@benhall8629]

neutrinocoffee d

[@David-sq2en]

3:40 My research indicates that this is a better system: 10% luck 20% skill 15% concentrated power of will 5% pleasure 50% pain and 100% reason to remember the name!

[@push2talk95]

David i got that reference :)

[@Maruf13nov]

Dude You're funny hahaha

[@masadeinc5224]

This is not the gym bro, this are business

[@David-sq2en]

@@masadeinc5224 if you add up the numbers on his chart it does not adds up to 100%... you can tell me that this is serious stuff, they can't even get simple math right... TY. My song at lest knows howto add up numbers to do 100%... this simple fact kills all credibility for me... how they did this research to get to this numbers? how accurate is this research? why I can't just come with some random words and have some percentages info-chart?, and if my math adds up I am already better than the info in this video: 20% Planning 20% Execution 50% coffee 10% taxes

[@AlexVoxel]

You made my day

[@CarasConsulting]

I love the way this was explained. I knew timing has a lot to do with success, but perhaps not to the extent it actually does. This is why it's so important to keep your eyes and ears to the ground and really listen to what people are saying.

[@danmartell]

Bill, you’re a legend and an incredible teacher / mentor from afar. Appreciate you giving back so openly. Been a fan since the late 90’s.

[@Intraday_Trading_Call_Options]

I Started a MIllion Dollar Start-Up 59concepts.com similar to atlassian.com. Help me to save my life. I have depth. Due to COVID resources are closed. Lenders are physically and mentally Torturing me. I don’t want to die. Help me or Give me suggestions. gogetfunding.com/help-me-to-save-my-life-i-have-depth-due-to-covid-resources-are-closed-lenders-are-physically-and-mentally-torturing-me-i-dont-want-to-die/ If you are from India click this link. milaap.org/fundraisers/support-bandaru-venkatesh

[@spol]

I feel like what he is really telling us is... creating a business is an art not some algebra problem that you can just "solve". This stuff takes incredible intuition and passion.

[@jameschandler4276]

Great summary

[@venomtang]

In other words, Luck (timing and resource)

[@praveenkaregar6194]

It takes time too

[@AkhilSharmaTech]

and takes a lot of effort too

[@stefanob.5251]

Intuition. I hate that word, is the word that winners that don't know why they win, find as an excuse to not trying to understand their success, allocating all to some "personal" mojo , people only talk about intuition when their dumb witted subjective perceptions turned out to be right. Everything he mentioned, can be quantifiable to a certain extent, it can be part of data driven strategy.

[@andypotanin]

I think something often overlooked is team cohesion and ability to stay on the same page for years while pivoting, improvising, evolving and executing. Obviously everybody needs to be paid well, but beyond that there needs to be something else to help keep and grow the right mix of top-notch professionals in startup. That being said, great analysis!

[@zajec11]

I absolutely love how this is about how startups succeed and not about how startups fail

[@supreetkumar7604]

Sometimes it is more beneficial to know how startups fail

[@1ma4ighter]

we could all put in at least a couple major reasons why that happens

[@muslimtochrist4727]

cuz failing is a result of the exact opposite actions due to wrong focus in these factors

[@Daniel_WR_Hart]

More examples would have been good but there's 5:19

[@HarrisonHollers]

I always appreciate the clapping at the beginning of Ted Talks. Makes me feel good about my selection and think, “this is gonna be good...”

[@hickamsdictum]

Even though the concepts are nothing new (supply and demand), and his weighting system was subjective, he had the power of history on his side so his assessments are not necessarily "biased." Timing is definitely an important factor, along with other things like persistence and resources (not just funding resources but also being connected to the right people).

[@links8b]

Make your own timing. Airbnb was not some resounding success over night. They launched and failed 3 or 4 times before getting their "perfect" timing. They still made it happen anyway, they didn't give up like all these failed companies he is pointing out.

[@HadrienLBB]

Exactly, he over simplifies the path of these "successful" companies in a dangerous way that turns out to be misleading.

[@emmanueloluga9770]

@Hospital Administrator WELL stated. I think the OP and other reply do not consider the fact that timing is still involved and the number one factor in any venture or occurrence even in life as a whole. Even in the world of martial art(Maybe not directly related haha) its believe that speed (displacement per time) determines the outcome

[@williampan29]

and then they trip hard again due to the coronavirus

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@JoanManuelG25]

Definetely Agree with you but, based on his research and his conclusion you can tell that sometimes ideas are ahead of their time and, it takes a visionary founder to persist and wait.

[@hukuando]

Probably the most wholesome and thought-provoking content I have come across all week. Thoroughly enjoyed this video.

[@leozambon2536]

I've been trading stocks a while now before trading crypto coins. Even though bitcoin is volatile, its price movement is influenced by the same conditions as tradFi(Supply and Demand), With this you can time mrkt pivot signals with the right tools, "rinse and repeat". Recent capitulations are perfect for a relieve rally. Considering all this, you need to have a go to strategy when trading, because when you buybitcoin, you're buying days you won't have to work. Prior to meeting Callum Lucas, I've suffered a series of trading losses. His AlgoSignal strategies have been extremely profitable for my crypto trading as I've watched my portfolio grow by six figures under his guide

[@fedrickmcrolin4831]

Impatience and over leverage has rekted many in this mrkt {Don't get me wrong about leverage; I believe its a powerful tool but without proper risk mgmt. you get to blowup your portfolio} ; at this time the markets are highly volatile and will inevitably rise and fall in value. Let's simply be patient and trade while we're at it., get you a trader who set asset allocation that fits your tolerance and risk capacity.

[@viper19691000]

There was this podcast I was listening to and it said something venturing within your tolerance and risk capacity, see you mention it again got to me. It's the best way to start till you're grounded to take thing on your own.

[@leozambon2536]

.

[@pedockteemux7971]

I'm new to crypto and I must say the entire Bear trend took me by surprise leading to a -70% loss of portfolio value. Was hoping I might get a breakeven earlier but took some losses more. Will see how this works out.

[@kiraasunna3019]

Bear markets induce panic, which shortens most investors time horizons. They stop worrying about the value of their portfolio in five years and start thinking about the next thirty minutes.. Being a long-term investor gets more promising during a bear market as it's meant to be the best time to get in.. Will definitely reach out explaining how my trades has been so far.

[@mohammedshadab769]

1 timing 42% 2 team /execution 32% 3 idea truth outlier 4 business model 5 funding

[@joe.invest]

Mohammed Shadab thanks! Save me for 6mins.

[@Kosal.Sao2030]

👍

[@koolets3788]

and 100% reason to remember the game

[@muhammadmukrom4248]

Thanks,,,

[@kipkip2474]

Timing - 42% Team Execution - 32% Idea Business model Funding

[@JakeVoorhees]

Wow I actually expected team and execution to come in #1. Timing, based on this data driven aspect, makes sense to me. His examples are awesome via AirBnB and Uber, being in yes a recession but providing supplemental income sources for regular people. I did not know about prior efforts to create a KZbin model but glad these were mentioned. A great video, thank you sir!!!

[@William_Clinton_Muguai]

Don't forget about the invention of the iPhone too.

[@carsonhunt4642]

Timing has always been the biggest factor ever. Amazon was garbage at first because it was years ahead of its time. Failure to innovate (keep up with the timing) is the same thing, hence Blockbuster going out of business as stuff went digital. They had the funds and everything needed but didn’t keep up. There’s millions of examples of why timing is everything regardless how good the idea is, depends on the masses willingness to take it.

[@sptnvx]

He is 2x naturally.

[@queenbee4637]

I do agree that timing should be #1 on the list. Through personal experience I was going to launch a business in the Medical industry but hold back my launch for 7mths because I knew the government was making changes to the Medical bulk billing. If I hadn't follow my intuistion I would have lost everything. I have re-model my business idea and now hoping to launch in the next couple of months. Fingers crossed my timing will be better 2nd time round. God Bless you all.

[@queenbee4637]

@ReyIsMe I did a soft launch in 2019 to test the water and then c19 hit. I end up shifting my team to my husband's start ups and pivot from there. We turnover over 1mil+ in the first 12mths and still growing (no VC fundings). It was not a good timing for medical platform but an excellent timing for my husband's spatial platform to pivot.

[@danielsanalytics4400]

I love this one, but I still find it difficult to believe that timing is the biggest factor for startup success. Timing only goes well in some conditions like when there is a market crash, a new opportunity (like the pandemic), or something new entirely came and caused an opportunity. If you look at it most startups don't even kick off within these difficult good timing periods. So I think timing is mostly conditional and can make the idea easier or more profitable. You won't tell me Amazon succeeded because of timing and not mostly because it is a possible business idea, with a great team and a minimum required funding to grow.

[@alestoalesto8232]

It’s the first time I felt like someone just changed my perspective of seeing something 🧐👏🏾👏🏾

[@hmate1119]

This makes a lot of sense. Timing effectively means that the public would be willing to use your product right now. If they aren't (bad timing) than you will fail.

[@abibatukonneh9638]

Hands down the most informative ted talk ever . Great content. I would love to hear more from this speaker

[@కల్యాణ్చక్రవర్తి]

1; Idea - 28% 2; Team - 32% 3; Business model - 24% 4; Funding -14% 5; Timing - 42%

[@naughtyUphillboy]

Business Leader , most critical

[@ITentrepreneur]

0. Luck - 100% 1. Timing - 42% 2. Team / Execution - 32% 3. Idea «Truth» Outlier - 28% 4. Business model - 24% 5. Funding - 14%

[@armada70]

Lol false.

[@codelucky]

A positive reason behind any startup's success is getting their team a consensus on a common vision. For most, Startup = Risk and for rest, Startup = Opportunity One of the most important reason why most startups don't win is because the pain of loosing time & money is far greater than the joy of being successful.

[@monjier]

Lol I think I'm more afraid of not trying to be a start up

[@lilycohen2306]

Yes rightly said , this is the only factor that plays into this role , there are many startups like BlockGrain is following this rule ..

[@breakging5604]

I agree. I was so excited when I created the internet course for primary school student Until I found I can't get enough money to keep running, I just give up. For now, I think"what if I just keep on?", Some people agree with my idea, what if I just keep on until my client tell me it's good or not, that's probably gonna be difference.

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@Intraday_Trading_Call_Options]

I Started a MIllion Dollar Start-Up 59concepts.com similar to atlassian.com. Help me to save my life. I have depth. Due to COVID resources are closed. Lenders are physically and mentally Torturing me. I don’t want to die. Help me or Give me suggestions. If you are from India click this link. milaap.org/fundraisers/support-bandaru-venkatesh If you are from another country check the link. gogetfunding.com/help-me-to-save-my-life-i-have-depth-due-to-covid-resources-are-closed-lenders-are-physically-and-mentally-torturing-me-i-dont-want-to-die/

[@PlzDuntCensorME]

Before watching this video, I want to say timing is the most important factor to EVERYTHING.

[@iilglobalinc]

Timing is definitely the most important factor. Many startups can improve our world with each unique idea they have to offer and those 5 key factors really help measure how successful they can become.

[@АлександраЗамараева-й9о]

Bill Grods makes some good points. His talk was very energatic. He aslo mentioned that time is one of the most important thing. On of the question the start-up should ask himself :" If people ready for it?" As for me , it is a very important question. If the don't ask it the may have the same situation as was with KZbin. It means that several years ago KZbin was unnesesary, but not now. Tanks to Bill Gross a lot of people can think about it!!

[@raparapa443]

Thanks for commenting on this video! I am absolutely agree with you!

[@danielwessling]

I am currently 15 years old working on a startup that hopefully goes well - Daniel Urmanov Wessling 2019

[@medeiapsyche]

Daniel Wessling Goodluck bro

[@avinashijadhav111]

What's your startup related to?

[@OmariMaldini]

I'm looking for a team for a start up. I've seen two of my ideas brought to life in the past year. Reply if you're interested.

[@avinashijadhav111]

@@OmariMaldini Yes I am interested

[@OmariMaldini]

#AJ [e-mail] Send me a mail, let’s start from there.

[@RalphDratman]

Excellent! A lot of knowledge clearly communicated in a very short time, told with modesty, skill and humor.

[@jordonmeyer7251]

Maybe timing is the most important thing, but he did not elaborate much on his case. Most of the presentation is repetition. e-web.top

[@EliA-mm7ul]

Missed a lot of information

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@RalphDratman]

@@Zo-hc2fn Well I guess you will haver to hold onto your restaurant idea until after the pandemic. It does sound interesting.

[@nicolasrodriguez9459]

Start-ups are more fruitful and successful when the timing, team and execution are the focus. I entirely agree with Bill Gross, the most important key factor in a start-up company is time. Companies fail because they don't prioritize time and have a motivated team, instead they believe that funding, business model, or the idea is the most important. However, business model, funding and the idea of your start-up is still crucial, since the beginning of a new business includes all 5 key factors.

[@anant8884]

Resilient... highly contagious. Once an idea has taken hold of the brain it's almost impossible to eradicate. An idea that is fully formed - fully understood - that sticks; right in there somewhere.

[@vedantprofessional]

Today Think school channel suggested this Ted talk for reference and it's worth it for watching this Ted talk 🔥🔥🔥

[@raphaeldouglas9361]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

[@peterbedley2719]

Yeah! I agree with you sir.

[@peterbedley2719]

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

[@peterjones7646]

People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

[@itoboreoghenevwegba4306]

That's very correct sir!! And that is why most of them end up losing they money to scammers.

[@michealdouglas8206]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@Photoboothint]

“The good warrior’s staging of an attack is like the bending of the crossbow full of momentum and potential.” - The Art of War

[@patmathe]

The key to all your stats is team and execution, resulting in timing, better attraction of funding, better choice of the right business model, etc. thanks for the stats. Like all stats the interpretation, is what gives meaning to the numbers

[@jaym3566]

Did you not watch the video? Timing is they key. You can have the best team and executing ever but if the timing it wrong then you likely won't succeed. If you're too early, you just need to persists, if possible. But if you're too late then there's little chance. However a good team will know how to pivot when necessary.

[@shivadharsoma]

While I agree to his point, nobody knows when is the best time. The 6th aspect that is missing here is the Entrepreneur's PASSION. Passion leads to perseverance and that is what is needed to hold on for longer time. Else, even if you time it well, you could lose if there is no team, funding or business model. We have had many companies who came into limelight, but disappeared overnight. That's the reason why super successful startup CEOs give credit to luck (which is nothing but being there at the right time).

[@rafaelgarciallano7009]

I think the key here is that you can fix idea, funding, business model and team. You can pivot, get more funding or change the team, any time. However, you can't fix time, when the right time is gone, it is gone, and if you are too early that means there is no business (no sales) and, since nobody knows the future, it will be difficult to get funding. Great video. Extremely valuable content.

[@kendrickmason2577]

Great video. But let me talk about something important, I see many young and old make mistakes that I think should not be. I believe that everyone, young or old, should have an investment plan that increases their financial returns from three figures to six figures. The investment can be your retirement plan or future plan, depending on what you want, but what matters most is that you have an investment that is profitable.

[@marthajones1450]

@Debra James When you fail to invest while you are still active at work, you will end up regretting in the future

[@evanmyers5618]

@Elizabeth Manny I suggest you be patient for now about crypto. It’s going crazy rn but crypto is something that will turn profitable long term

[@yelkhan2002]

Watch out! The "expert" above is a scammer and the replies are generated entirely by bots. Report them and do not contact.

[@iva1993ful]

well most of startups are not profitable. even the big mega ones so 😊

[@lordmats9289]

Daym his pants are high

[@SuperHoeCakes]

Mats Severeide Aase Billionaires don't exactly have the best fashion sense...

[@HiAdrian]

Mats Severeide Aase He's got nothing on _Douglas Levison_ though...

[@laojace]

SuperHoeCakes high-waist is THE trend now, ok

[@Darkeclipse360]

Mats Severeide Aase His bank account is pretty high too...

[@janmod8385]

laojace t

[@jonessarfo3865]

This video is significantly important and a must watch for everyone considering startup. Each factor he mentioned has its significant important after thinking through it. I always thought idea will be a high important among all when considering startup, since without idea one cannot even dare think of startup. I guess idea will mean nothing if not executed right. Indeed, timing is the most important because it will help you determine when the market or technology changes, and the right time to acquire the most customers with specific prices. For team, you can not realize your vision without the team. Hiring the right team is extremely important for any startup, because it is the team that plays a key role in understanding and executing the vision. Then follow with idea, business model and funding which I strongly agree with.

[@krishben5275]

P

[@soundsless]

RE: TIMING > "I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but TIME and CHANCE happen to them all" - King Solomon

[@GrowWithWill]

The last point is so crucial. Timing can often make or break it all. Google wasn't the first search engine. KZbin wasn't the first video hosting site, etc.

[@cchege]

When I first watched this 2 years ago I didn't fully comprehend until I thought about it deeply and it has really changed my way of thinking.

[@aayanpratimdeb]

6:24 "make the world a better place" *gavin belson vibes*

[@reinforz]

Bill Gross' TED Talk on the essential criteria of startup success was both entertaining and informative. It's fascinating to see how one component can make such a big impact in a company's performance, and his data-driven approach teaches entrepreneurs a lot.

[@АнастасияПопова-г7ф]

You make some interesting points. I was really surprised to discover that idea is not an essential element that lead to success! Timing is very important in every sphere of life. I totally agree that business needs to be launched at the moment when the consumer is ready to buy this product. Thanks for such video.

[@ЕленаАрзянина]

Анастасия Попова I totally agree with you! As you say, timing is really important! That’s a very useful topic!🤘🏽

[@jcc1116]

It's no different with individuals and careers. If timing is really the key, then it explains why some generations are screwed hard. Millennials were screwed with high student debt, graduated into a huge recession, and are reaching the home buying age now and met with insane housing costs.

[@WorldAquariumSingapore]

7 years ago video and im watching it in 2023 May18, anyone else?

[@lorenbass]

Now this is one of my top talks because it’s the key that I have been looking for!

[@mr.t5316]

So happy to bump into this. It renewed my inspiration!

[@Tninja17]

One thing that made me skeptical about this theory is that the reasoning came after knowing whether company succeed/failed. It is easy to interpret or reason about why companies succeed/failed and it can sometimes be misleading. If AirBnB were not successful today, we would have perhaps said “well the recession meant that welcoming a stranger to come into your house to steal your stuff would not be a smart thing to do!”

[@tienhaophung4622]

5 essential factors that matter the most to the success of start-ups: 1. Timing (42%): you need to make sure that customers are ready for what you will offer. 2. Team/Execution (32%): team should have the ability to adapt to any changes from customers because customers are the true reality, not theoretical plan made from earlier. 3. Idea (28%): helpful and demanded idea that you will bring it to reality or it might never materialize otherwise. 4. Business model (24%): clear path should be drawn carefully to raise the customer revenues. 5. Funding (14%): to sustain our business, money is vitally important. You need to seek intensive investments from many sources.

[@Startyourownbusinessacademy]

Hi Bill, Thank you for your insightful presentation. The examples of Airbnb and Uber perfectly illustrate your point about the importance of timing in startup success. Based on my own experiences, I've identified three key signals that indicate optimal timing for launching a business idea: #1. Willingness to Pay: When potential customers show a readiness to pay for the service or product, it's a strong indicator that the market values what you're offering. #2. Prompt Feedback from Early Adopters: Rapid and constructive feedback from initial users is crucial. It not only validates the demand but also helps in quick iterations to better meet customer expectations. #3. Organic Advocacy: When users spontaneously spread the word about your product, it signifies strong market acceptance and can lead to viral growth. Hope it helps!

[@user-love_is_inside]

That's great question! Thanks for posting it . As you say, timing and interest of customers is really important for future entrepreneurs . I think your research can help everyone who wants to set up their own business. So your project is really inspired me. I suppose, i will use this advice in my future career .

[@АнастасияПопова-г7ф]

Are you going to have your own business?

[@user-love_is_inside]

@@АнастасияПопова-г7ф , I think no, but i work in team every day and let a lot of information. That's way, this advice were really useful for me!)

[@Валерия-г8р3г]

Thanks for commenting! I read your comment with interest! I agree with you that the speaker made some good points. I think I will be useful for many people!

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@suflaj9314]

Who else read on the end of the title: “Bill Gates”?

[@AkhilSharmaTech]

yeah exactly!

[@xandrenaline]

Bill Gates was taken.

[@Intraday_Trading_Call_Options]

I Started a MIllion Dollar Start-Up similar to atlassian.com. Help me to save my life. I have depth. Due to COVID resources are closed. Lenders are physically and mentally Torturing me. I don’t want to die. Help me or Give me suggestions. If you are from India click this link. milaap.org/fundraisers/support-bandaru-venkatesh If you are from another country check the link. gogetfunding.com/help-me-to-save-my-life-i-have-depth-due-to-covid-resources-are-closed-lenders-are-physically-and-mentally-torturing-me-i-dont-want-to-die/

[@shivendhania2559]

Yes Yes Exactly😂😂😂😂😂

[@nonameqani1403]

@@shivendhania2559 That's the reason I clicked on it but it turned out to be good lol

[@Phelan666]

How do you quantify "Idea"? Or even proper timing?

[@WBlake01]

Yellow King You rate it.

[@logictruth1]

Yellow King Idea >>> Usefulness x Desirability of the Product Timing>> Demand + Technological Means in relation to delta T

[@Mastikator]

Yellow King A business idea is something new you can (eventually) create a business model around. Timing is (as he mentioned) "can costumers receive the product "and "are there many competitors".

[@BenRangel]

I'd say it's got a lot to do with market potential and originality. AirBnB probably got a 10 cause the market for home rentals is huge and was relatively untapped. While Pets.com probably got a 3 cause it's ...just another pet store.

[@Mastikator]

Daniil Pintjuk Things that aren't exactly defined can't be quantified.

[@TheCivilNegro09]

this video really inspired me and next year i've got something i want to start coming,the most important thing i learned from mr bill gross is that timing is important,are the consumers ready for what you have to offer,if yes then launch,i wanna end it with a quote that i picked up and put together said by mr gross here and it goes like so ''because if you have something you love,you want to push it forward''.

[@guysfinancex]

Bill Gross's insightful analysis of start-up success factors has inspired me to prioritize rapid experimentation and iteration in my own business ventures. Thanks for sharing this invaluable wisdom!

[@Cjeska]

"startups can make the world a better place" I bet he is watching Silicon Valley, lol

[@christ7431]

if there was a formula every start up would be successful

[@bighands69]

Small business are the life blood of the global economy. Super markets get their supplies via smaller business. We eat food of our tables from small business and so on.

[@manuzsanand]

That's exactly what came to my mind.

[@amandamate9117]

near silicon valley in san francisco are so much homeless people, its unbelievable... and the biggest billionairs "make a better world" near SF, in silicon valley.... hypocracy at its best

[@AqierDesigns]

RitaLinx blame raw american capitalism. look at places in europe like switzerland, germany, sweden, norway, finland, france aso. even unemployed people get enough money to life from the government.

[@eleken.agency]

Every startup's path is different, and boiling it down to just timing feels like we're missing a big part of the picture. It's way more complex than that, and a broader look at what makes startups tick might give us a clearer, fuller story.

[@Nedwin]

Motivating enough. Love the Tyson's quote btw.

[@smudgepost]

"It's very easy to get intense funding in this day and age" - I'd like to know more!

[@fabriziocapolini4349]

"once you have traction"

[@kameswaranjayakumar7470]

@@fabriziocapolini4349 as a new comer to this field, could you plz tell me way is texting and how it affects funding? Thanks.

[@keokawasaki7833]

@@kameswaranjayakumar7470 its just common sense fam. If your idea is getting some traction then that means people like your idea... which means your idea has potential... And investors like that potential, Heck! even people might donate for your cause

[@kameswaranjayakumar7470]

@@keokawasaki7833 thanks, I learnt something from u

[@keokawasaki7833]

@@kameswaranjayakumar7470 good for you! Cheers mate

[@arabiest]

The great thing this speaker pointed out is the timing. it's another word for NEED. A business that does not objectively was established to solve or fulfil a market need that has not been fulfilled or is not properly cultivated, then it's a sign of its later demise. Timing also implicitly includes how unique is your product(s) or service(s) and whether it can be executed faster than others in much cost-effective manner without affecting the quality.

[@joeybilionair]

Short talk, full content, useful, understand, you are god of speakers

[@Draxper]

This entire speech completely applies to youtuber's content success as well

[@DallasMay]

I like this video a lot. His advice basically comes down to "The more important skill in business is being able to foresee the future". Well, yeah.

[@jenny1905ntd]

Lol that’s a fortune teller.

[@jenny1905ntd]

Dallas May fortune teller

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with this, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@socialt.socialmediaagency7250]

Thanks for sharing your entrepreneurship stories! As a fellow entrepreneur, this talk really resonated.

[@derciobene3458]

Came here expecting to hear some nonsense about "passion is very important" and "you won't succeed if you don't like what you do". But this guy's delivery and message was pretty much straight to his point, without any BS. Cheers

[@penhtola351]

I am not an entrepreneur and never done the research on the success element of a startup though I always intuitively believe that doing a thing at the right time is super important. My belief just matches his research.

[@favourjames2724]

What an eye opener. I'm so glad I started my year watching this.

[@justgivemethetruth]

Malcolm Gladwell wrote a book called "Outliers" and he basically said this as well. Look at Bill Gates and Steve Jobs, they were both around the same age, and were well situation to learn and be around computers, and in a upper middle class environment with mentors around to help them. It's not a coincidence. It was not their drive or anything special, they were the people in the right place at the right time.

[@carolineedmistoncooki3fair631]

That is exactly what I was going to say!

[@justgivemethetruth]

Caroline Edmiston (Cooki3Fairy) I guess great minds think alike. ;-)

[@videoguy640]

justgivemethetruth I do agree that timing was a huge factor. But to dismiss their other traits is naive.

[@justgivemethetruth]

videoguy640 Not really ... and I would not use the term " dismiss" either. Any average person who lived in the time and environment, with the exposures to computers ahead of other people and the opportunity and knowledge to start a business could have filled the vacuum of a Bill Gates or a Steve Jobs. History is full of ideas that came around just at a certain time with multiple independent discoverers. There is really not much dispute about that. So ... maybe in the next hundred years we will realize how arbitrary our patent system is to give all rewards and monopoly to one person who can then drain everyone else for the most possible money. That is a fascist institution on its own that supports and sustains the very problems we have. If we wanted to be sure to move as fast as possible forward in technology at the lowest cost we would drasticly reduce or eliminate patents. When you look at things with limits, as in calculus, discoveries and progress is going too fast now for a 20, 60, 0 year monopoly ... it is totalitarian.

[@joeschembrie9450]

Timing counts for a lot, but smart people make it the right time. A 118 years ago, a man predicted that heavier than air flight would be impossible for another thousand years. The man's name was Wilbur Wright and he himself made heavier than air flight possible three years later. Moreover, it's recognized by engineering historians that if Wright hadn't invented the airplane, it's likely that no one else would have for another 25 years. Yet Wilbur Wright in hindsight observed that the basic technology for human flight existed as far back as the 1860s. So yeah, timing is important, but individual human accomplishment is what makes it the right time.

[@vaishnandurkar3222]

Loved this :) my instructor linked this vid, and I'm so glad he did! Straight to the point and very informative

[@user-he1ov5ho7v]

I can absolutely agree with the Bill Gross because it is very important to interest the consumer at the right time. If a thing is not needed, then it won't succeed. You can take out a bank loan for investing a lot of money, but there're no guarantees that your thing will be needed now.🙈

[@nastykeith]

I am totally agree with you! You can start your own business having such thoughts😁 I think you will succeed in this field. I am sure I predict it correctly😂

[@ДанилаЧерный-о6и]

I read your comment with the great interest. So I share your point of your, because it is too hard to start a business without money. So it is good variant to get a loan from a bank to support your start up

[@sriramlbc]

My questions: 1)How did he quantify the IDEA and TIMING let alone TEAM(Attitudes are beyond skills, I believe)? 2)There are a couple of companies in the chart where the TIMING is similar for both successful as well as failure startups. What explains? I appreciate his work though. At least I could now figure out that there could be something else beyond the mentioned Five parameters.

[@techadvocate8144]

True! Thank you.

[@mystique967]

I can relate to you Bill, i really believe that timing is very important cz there is huge competition, ideas are born in every corner of the world but executing on time is all that matters

[@mike1175]

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[@charleshart7361]

That's true most people today have been having a lot of failure in Forex and crypto sector because of poor orientation and bad experts

[@brianwilliams5146]

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[@brianwilliams5146]

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[@freemanharris401]

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[@freemanharris401]

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[@SridharKarnam1]

Don't you think right timing actually means well thought idea right? You can not have a bad idea executed well because of timing. I think that timing and idea are in separable. An idea is good because it is timely. It is a great timing because it is a well thought out idea. I question the whole premise of this talk...

[@rajjysrachid7258]

I think most startups in the tech-world weren't started with great ideas tho,Like facebook started as a photo competition facemash or smthng, youtube started weirdly, Steve Wozniack just wanted to impress friends, Walt Disney was fired a lot and wanted his own thing,...the list goes on. I think the idea is something that can be improved with time but the reason we loved "3310" and "iphone 1" is because we needed something different at that exact time no one else could provide. Even samsung started selling rice. This talk focus on unmeasurable parameters but the logic is well filled since everyone know the only guy in the world who started his business with a small loan of a $million is Donald J Trump. The remaining started from garages to explain the initial funding value

[@lilycohen2306]

WOw greatly explained

[@JoeyTurVic]

Great point, but there are some cases where it is not so true. For example, in China there is an increasing problem with traffic, where you can get stuck in traffic for literally hours. So, there are people that their job is to take care of the car while the customer gives the key to the driver and go to wherever he wants while the driver takes care of his car. Would you say that this business idea would be a good or bad decades ago? Probably not so good, because you would not have customers. I think that "timing" also implies that problems and peoples necessities change over time and an idea can be defined as good or bad depending on those problems.

[@ourvideo8214]

Idea can be totally different from timings in a way that idea was framed long time back but the environment is made up at present to launch it....there can be possibilities that either people form ideas at right time or according to the time

[@Ugochukwuoko]

TheSwoleBroscientist how do you say an idea is great if it has a wrong timing?

[@Kris-to7vh]

Amazing video. I would just like to say that "timing" is a very broad term and by watching a things retrospectively its easy to say that 'Airbnb came at the right time, after a recession and when people needed more money'. People always need more money. And not every business succeeded because of that. In the same period where this factor was helpful for Airbnb, many other business failed. So it's not really telling much that's applicable to the listeners about that. Id like to say tho, that his overall speech its really good and makes me think about all these aspects

[@RD19902010]

The amount of people with excess space the can rent out is bigger after a bust bubble. The kind of people that always need money are not necessarily in the scope of Airbnb hosts. Ideally it’s someone who got a huge apartment or house during the bubble and now needs money to cover added expenses, while having space to host people. Also, in a recession, people need to relocate under worse conditions - gone the employer-provided housing for 2 months when coming to a new city.

[@georgesmith9178]

These are good insights. The timing part is of particular importance. Of course, from Bill Cross's point of view, success means: - IPO - Profitable sale to a large company - Privately held company with decent profit margins This is standard VC thinking. I am not saying that is wrong. There are actually a lot enlightening parts, especially about timing. Microsoft tried the tablet first and failed because the technology was not there yet. Apple succeeded because together with the hardware manufacturers brought the technology to the acceptable level. The iPad was thin enough, fast enough, and its screen resolution was great for people to buy. Apple of course added the design, which they are famous for, to make it a winner. By contrast, Steve Job's criteria for success: - People just LOVE the product - The product is 5 to 8 years in front of anything else currently on the market - Idea is something the customer has never even thought was possible And specifically on the last one, Job's famously said that when you create a product you cannot just rely on what prospective or current customers think because they are not experts and don't know what's really possible. With this type of thinking IDEA and TEAM are probably at the top. Is Apple a successful company, and especially during Steve Job's time at the helm. You bet it is. It is the most expensive company in the world in terms of market cap. So the truth is somewhere in the middle, I guess. And sometimes it is not that easy to differentiate between an idea as a general direction or a product idea, and ideas that directly affect how the product is built. For example, the idea about the electric car is not new, but the ideas behind Tesla's take on the electric car are quite unique. My personal take is that ideas and timing should be on par, that is of course, if we want to combine the Bill Cross's and Steve Job's approaches into one. I kind of like this idea :)

[@techadvocate8144]

Thank you

[@fabricioalves1394]

Admiro de mais pessoas inteligentes, de sucesso, visionários como vc, parabéns e muito obrigado por nos passar tanto conhecimento !

[@Валерия-г8р3г]

That is a very inportant topic, because noweday a lot of people try to create their own compony. I am sure that not everyone can correctly plan the business. But this video is very useful for such people. If we are talking about the information, that was given in the video, I really agree with the speaker! I believe, that time is the most important resource not only in creating the compony, but also in all things that we are doing.

[@АлександраЗамараева-й9о]

I read your comment with interest. As you say, the time is the most important resourse. I agree with that. Because time our all. Especially if you live in a big city. Good idea!

[@Solopreneur]

Interesting video but the evaluation criteria is inherently unscientific b/c it's his own subjective assigning of points in each category to each company. For example timing is probably the hardest thing to gauge. It's easy to say KZbin succeeded b/c of timing in Retrospect and then try and draw causality to one arbitary factor. People are always looking for the simple answer to a complex problem but, I believe the reality is that there is NO SILVER BULLET and to think one factor is the primary reason far and large is not justifiable. Rather successful Startups are like an orchestra of probably hundreds of micro variables that all contributed to the final score.

[@majindevon]

Spot on.

[@jam-hu]

Yeah, the science behind his idea is bs. He could claim that any given company failed because of bad timing and then say that that shows how important timing is. Circular logic. He would get a D from my professor.

[@majindevon]

In retrospect, if you can have enough vision in the market it completely validates his argument.

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@Solopreneur]

​@@Zo-hc2fn Google "Ghost Kitchens" another take on disrupting the traditional restaurant business

[@NishGurjara]

Best thing about this talk is... short and crisp to point.

[@sahebealam8268]

Being a business banker it was easy for me to start a business and I am successful running my IT HARDWARE business such as computer and printer. But I encounter a problem when it came for expansion and opening new branch of my company.... I was confused about priorities to time,fund or idea... This person "Bill" has solved my problem... Thanks Mr.Bill for sharing such valuable know without any charge... Other motivational video simply talk about confidence and positive attitude but this this guy talk about facts on basis of data analysis... Salute u buddy

[@raparapa443]

Thanks for this video! That’s very important theme! It was very interesting to watch this video. I learned a lot of information in it. for example, I learned that to build success you need a lot of things. but the most important thing is to have an idea, a good team, business model, funding and timing! And but most of all I liked the research. It surprised me, because it turned out that the most important thing is timing! Thank you for this video!

[@user-love_is_inside]

You make some good points, i absolutely agree with you. It has surprised me , too. Do you want to share it with you friends?

[@raparapa443]

Настя Тюрина , yes, of course! Because this is a very useful video!

[@Zo-hc2fn]

I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with this, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app

[@Chris-zx1ez]

6:13 What's wrong with this picture.

[@sdwhitesox8039]

The real message he's trying to send

[@edzehoo]

Gasp! He only has 1 finger on his right hand...

[@descendant0fdragons]

That guy hates the audience, including all the tubers, if you dislike him. That is why his finger slipped.

[@MakhanSingh-xf5mx]

lol!! Right hand shows middle finger

[@curiouscommunity5144]

@@edzehoo exectly

[@schammahmuhizi]

Great speech 👏🏻, thank you for the sharing

[@navalkumarshukla9447]

That's quite ironic because not many of us give emphasis on timing. Also, great example of KZbin at the end to clear things up.

[@TheInfluenceSir]

I never comment that much but this I feel very confident and I know what's best. Thanks

[@cstvglobal7341]

This is a great informative video. He's completely right, timing is the biggest factor when starting up a business. This was a breath of fresh air for me.

[@pmf7584]

great ted talk, so how do we figure out timing for something? what are some good resources to look into where the market is at in demand?

[@novtag9724]

P MF timing does not always mean demand. Timing means the atmosphere, and economic conditions are conducive for your business idea to prosper. For example KZbin became a big hit when internet broadband penetration became sufficient and codecs for videos on browsers were fixed. Timing also means the people are ready for it and that there are issues that need to be solved. Remember Google Glasses, great idea but wrong timing in an era where privacy is a hot topic. Demand is one aspect of timing. Bear that in mind

[@diystartupcoach755]

It is super critical to have the timing just right. I wish this video went into more details about how to judge the timing.

[@winteriscoming75]

"Never give up" is the philosophy I learn from this video

[@rpcruz]

Maybe timing is the most important thing, but he did not elaborate much on his case. Most of the presentation is repetition.

[@bighands69]

What more can be said about timing in a short video. He can only give a few examples which he did.

[@rpcruz]

bighands69 I agree. Too short to be any good.

[@ShehaazSaif]

Ricardo Cruz how did he give score timing?

[@mcskipper100]

It’s about getting the gist of the conversation he doesn’t need to elaborate about timing. I myself can’t stand long videos as I get bored easily. What he is indicating for example, is for instance suppose you setup a Card business that sells Christmas cards. And the business is setup around June for example. Would you launch in July maybe not! Because of the nature of your business you would want to launch around or before Christmas.