Getting the Startup Equation Right
Turning an idea into a company means you have to find brilliant, capable, amazing people and put together a team. And then you have to get everybody on board with the Great Idea. And then figure out how to get there.
You see companies that have the Great Idea but are not able to make it happen. As an example, there were probably about 100 companies that were doing a YouTube-like video sharing service in 2005-07. But the reason YouTube succeeded is it had all the essential elements together: the right team, the right product, the right location in Silicon Valley, the right execution. The entrepreneurs were able to raise the capital they needed to build and scale it. Obviously, it was a good idea, but the combination decided who the winner was. So again, the idea is really just the starting point. Read full story:
