Idealab’s Bill Gross on the most important factor in Startup Success

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Bill Gross, long time entrepreneur and founder of Idealab discusses the factors to startup success:

  • Idea
  • Team
  • Business Model
  • Funding
  • Timing

Which one do you think is the most important to success?  Why?

The other interesting takeaway for me was the twist on Mike Tyson’s quote:

“Everybody has a plan, until they get punched in the face.”   Mike Tyson

What happens when the customer punches you in the face?  Is your team and plan able to handle it?