One reason why startups succeed
Why do you think businesses succeed? Is it the idea? Perhaps it's the team because execution matters more. Or maybe it is business model that attracts customers and investors who invest into the company.
While all of these factors are critically important to the overall success of the business, the most important factor is actually timing.
Airbnb was thought to be a stupid idea, why would people open their homes to strangers? But it was their timing—they launched at the height of recession when people needed money. This overrode their qualms about having strangers live in their homes.
Hear more about why timing matters and how some of the biggest startup successes were because of the time they were launched from Bill Gross, American investor, fund manager, and philanthropist.