In his startup presentation, Bill Gross discusses what factors matter the most for new venture success. Even though the startup is a great concept and offers the most opportunity in terms of making the world better, many still fail. The speaker takes a systematic approach to figuring out why.
In the startup presentation, he identifies five essential elements that lead to successful startups: ideas, team, business model, funding and timing. Ideas might set a company apart, but execution and adaptability on a team also play an important role. After comparing Idealab successes and failures as well as other startup wins and loses outside the incubator, the speaker came to some interesting conclusions. Timing was most important, then team and execution, followed by idea "truth" outlier, business model and funding. All this to say, execution matters a lot, but timing might matter even more.