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The startup
The startup organisation is one of the greatest ways to make the world a better place.
You can unlock human potential if you organise a group of people in a startup with the right equity incentive. Yet, many startups still don't succeed because they lack the right timing.
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Timing is the most important
- Timing accounted for 42 percent of the difference between success and failure.
- Team and execution came second
- The uniqueness of the idea came third.
- The business model and funding are the least import...
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127 reads
Examples of timing
Aside from a good business model, a good idea and excellent execution, timing determines if a company succeeds or fails.
- Airbnb. People thought that no one would rent out a space in their home to a stranger. But the company came out during the recession when people nee...
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Factors that contribute to start-up success
- The idea. However, the idea is not everything.
- The team and execution. Mike Tyson once said, "Everybody has a plan until they get punched in the face." Much about a team's execution is the ability to adapt and to get punched in the face by the custo...
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CURATED FROM
CURATED BY
Bill Gross has founded many start-ups and incubated many others. He got curious about why some succeeded and others failed.
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The ‘tiara effect’ trap
Hard work is still very important, but simply waiting for someone to pick up on it is detrimental.
The tiara effect is the tendency people that work hard have to hope that the right people notice and come along and place a tiara on their heads. But that usually doesn’t happen.
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