My views on the ingredients for startup success have changed significantly over the years. Originally, I believed that the management team was the overriding force. Now, the management team is still important, but I believe the market, including timing, for the idea is even more important. Here’s my gut allocation on how important different factors are for how I define a successful company:
- Market – 40%
- Team – 30%
- Timing – 20%
- Idea – 10%
Notice that a great market with great timing represents the majority of the opportunity for success and that the actual idea is the least important. We’ve all heard the saying that ideas are a dime a dozen and that it’s the execution that counts. Combine all the pieces together and you have a winner.
2 thoughts on “What Percentage of Startup Success is from What”
To be fair, you must add in both serendipity and perseverance. A good bit of the latter makes up for low values of the former.
Well said, but the weighted averages are diffrent, I will say that Idea is the most important aspect.
Blue Ocean Strategy , perticularly will play a very important role.
Make the new markets( Non Consumers , the consumers) go global, retain lalents , open book accounting systems.Esops, and incubators for new technologycal idea.
Thanks & Regards
Deb from India.