Bill Gross 2: The single biggest reason why startups succeed

TED 2015
Bill Gross 2: The single biggest reason why startups succeed (script)
Summary
The title is "The single biggest reason why startups succeed" and the speaker is Bill Gross. He has been  starting business himself since he was 12 years old. He has experienced that to start a lot of companies, many succeed, and many fail. He analyzed that the startup organization is so great though why so many fail among those. He focused on five factors.
First is the idea. Others are the team and execution, the business model, the funding, and  the timing. Those five factors are thought that all are important for the successful companies. He looked at those very carefully what the differences are between successful and failed companies. The funding and business model lined the last two. This was because you can start out without the business model and add it later, and get funding later also in today 's age. The idea was put in the third, the second was the team and execution. It showed the most important thing is the timing. You can know that from some companies are successful now. There are examples,
companies succeed now though their ideas or  business models were not thought that to be good in the past.  Ironically, there is the business model which failed some years ago though the similar one is successful now. This is a matter of timing. You have to assess the timing if you have something you love and you want to push it forward. This information will be able to help you.
◆Viewpoints&Discussion
1. Do you want to build your own business? Would you like to have your own business?
Yes, in fact, this is my own business that I am doing now.
2. If yes, what would it be?
This speaker also said.
I love our company propdcuts and I want it to be known by many people in the world. I want to push it forward.  I feel happy when cosumers use our company propdcuts with joy. I want to keep that up forever.
3. What do you think of this idea?
I couldn't agree more.  I feel that there are many things that I could not do,  even if I have enough money in the company. In the team,  member quarrels sometimes and all don't have the same thoughts. Our business model and idea is not big, special nor unique, similar idea is likely thought, but from now we are running. This was beautifully timed. We can succeed if we can look at the beautiful timing.