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

To sum up or simpify, create a product that has huge potential demand as of this moment.

Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy I still make over $28K every single week

I really read his name as
"Bill Jobs"

Super !!!

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.

No thank you Bill gross this is a business hack

Useless information. 100% of people and businesses of success need good timing. And you'll never really know if it's the good time for a startup business. Let's say someone back in the time would link the airbnb future success to the crisis, it would be just some intuition of outcome among several other possibilities

Time is money

This is one of the best video I watched in less than 7min someone who is upto the point and explained with perfect relatable examples

Timing = Luck. When you’ve got millions of people starting companies, and none of them are particularly good business people if you are going to get lucky. This is the key to Silicon Valley success the barrier for entry and software engineering is so low that anyone can do it so you get lots and lots and lots of shots on goal.

Timing needs to take into account evolving conditions. Which makes timing luck

Some start ups succeed, because of luck and brute numbers. there are so many of them. The barrier for entry in software is so low that any kid in his bedroom can have a start up. So if you imagine millions of start ups like darts flying at a board on a wall. The dart doesn’t have to be thrown particularly well in order for one or two or 10 out of 1 million to hit the bull’s-eye.

“To make the world a better place” straight outa Silicon Valley

its really interesting!

😍😍😍

Great talk. I love it. At what time you offer your solution to the customer is key. In restrospective it is quite easy to see it. There was a time to launch a search engine in 1999, an e-commerce in year 2000. A social network in 2003. An AI based API in 2023. Now you know it in restrospective... How can we make something out of it ? Its like using the news to explain a drop in stock market after it happened. The only thing it shows is the usefullness of methodes like Design Sprint to benchmark rapidly the ecosystem of users and get to know if you are in the "timing". Companies like Blablacar and Netflix existed for 10 years and started to explode at a point when the "timing" was good. The 3DO console was what XBOX en PS5 are now ( a plateforme for any software company to put software on your TV) but in 1998 ! 3DO was a majeor failure , no one needed it at the time. If 3DO had survived 20 years it would be on the good timing. History is full of those "bad timing" 1993 the Newton tablet is an ipad without the internet 3G, fail.

This was the BEST Ted Talk I have listened to!!

Hence the saying, timing is everything. Because it really is.

Who says they succeed? Last time I checked they burn money

Luck and copying?

Wow, timing is the most important, who would think that? You're telling me that if I start a business for horses and carriages now it will fail? But if I did that back in 1800 it would succeed? WOW!

Wonderful video thank you.

The speaker conducted research on the factors that contribute to the success of startups.
The five factors he identified as most important for success were: timing, team and execution, idea and adaptability, business model, and funding.
Timing was found to be the most significant factor, accounting for 42% of the difference between success and failure.
The speaker gave examples of successful companies like Airbnb and Uber, whose success was influenced by the right timing and meeting consumer needs.
The speaker emphasized that while ideas and execution are important, timing plays a crucial role in determining the success of a startup.

A+ presentation -- certainly one of the best!

Everything really has to start with an idea!
We would add to these points the Research&Development stage to research the chosen niche and make sure that our product or service will be in demand among the audience.

We talk more about how to do it yourself or with the help of a software development partner on our channel!

This video has been inspiring our company for years. Thank you Ted and Bill Gross 💯💯

Watching this and I can't agree more ...

He said a lot about understanding the market when discussing Timing.

Watching this and I can't agree more ...

He said a lot about understanding the market when discussing Timing.

I think when he said timing is just another word for luck.

it is dumb luck.

"Time is money" given a different meaning

Uber doesn't solve any problem that taxis didn't, except the "how do I avoid paying my drivers maintenance, healthcare, and pretend that wasn't my intention".

Notice that he puts "funding" as the least important factor. Notice also that he himself is a business owner.
I would like to point your direction to a study on the game of monopoly, and how in a rigged game, where one player starts with more capital and moves than the other, that player always ends up wining, and that same player almost never credits the increased wealth he had at the beginning.
Makes you think there is some connection there...

Now we need a talk about how to know its the right time.

Yes timing, then people stole that idea, more and more stealing, while bad execution. Zero profit. Zero good knowledge.

Couldn't agree more .. i exprienced it my self . Thank You.

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

Everybody has a plan until he gets punched in the face !

One of the best Ted talk ever.

I think timming and Idea and Team is the most importent another subjects is not that much importent because when u have a good team u will do it anyway that subjects

Zoom and Nvidia are very good examples of perfect timing, thanks for sharing.

Interesting breakdown and clearly presented. What I am wondering though, isn't timing not just the result of technological readiness. Like Airbnb, Uber and his Z company were maybe always a great idea (no matter the timing), but technology was not yet on the level to make it easy accessable for customers. So not sure the breakdown in five components is telling the whole story.

great

This is such a great video! Straight to the point.

Short and to the point. Time is necessary

such a bs analysis. how does he measure timing?

I'm holding my stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.

Very inspiring

Makes me think of oculus rift.

Great content