The single biggest reason why startups succeed

[BackOnTrack]

I came across this 6 minute presentation on Ted. Surprising result, or at least for me anyway....

http://www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed

 

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[7.62x51]

What does it mean for a start-up to succeed? Well, for one it has to be in an environment that will be ready for it. Which sounds a lot like having the right timing.

Using the same logic, another big reason why a startup succeeds is if it makes the founders rich.

So basically what I'm saying is, if a startup succeeds, by definition, the timing will be right.

I also think it's pretty obvious why most startups / businesses fail; creating one that succeeds is hard but anyone can try and then there's an entire market for convincing people that they can buy there way to success.

 

[whiteflakes]

Startups don't succeed. They just find suckers to invest and/or buy them. The exit I believe it's called.

 

[thomas.g]

It's not actually about finding suckers who would invest or buy the startup. A sh*tty startup won't succeed.
Success depends on two things - on timing and on a brilliant idea.

 

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[Kevin Peter]

Capturing the market with our idea and having a way to keep competiton from interfering with is a challenge. I feel the discipline and determination we the employees have ensures a startup succeeds. I kinda beleive that not to advertise the funding we receive

 

[Leo Hendrix]

Interested to know if anyone on the forum has taken part in a founders program or incubator program before, guess I should start a different thread.

 

[Kevin Peter]

Most of the incubator programs are free for a couple of informative sessions. Only once you leverage them to handle your business, they charge. Coaching, mentoring, meetings to accelarate market entry is a big challenge and hence you need to carefully choose a program that will help you refine and validate your ideas and help you engage with the current technology. I personally like the ones who have a microloan option.

 

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[Leo Hendrix]

I see, so programs like Y Incubator where they actually fund your startup ( seed capital) are rare?
Im not fully knowledgeable about their program.

 

[Gale4rc]

I see, so programs like Y Incubator where they actually fund your startup ( seed capital) are rare?
Im not fully knowledgeable about their program.

No they are not but, generally this forum has a lot of independant entrepreneurs focused on a different type of startup IMO.

I've been through an incubator and most city's have a couple that don't ask for anything like the guy said before you. They give you a lump sum and ask for a low amount of equity (3-10% max) generally speaking which includes mentorship. Their ultimate goal isn't even the low equity, their ultimate goal is to get you through their program and on to bigger funding for the biggest chance of success.

 

[mikekob]

I've applied for several accelerators including Techstarts here in Colorado. We are in an incubator with SoftLayer fr our back end. Takes a little networking to get in and we were given a free back end for a year for the most part. Without that we wouldn't have been able to develop our product, and make it to release or through the trials we have.

Accelerators typically take a part of the companies equity in return for funding, networking, and mentoring. We've since decided to go the organic growth rate with the sales we have happening currently.

 

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