Startups can be found almost everywhere. You are bound to discover startups in nearly every country that are aimed at solving problems or introducing new technologies. While startups are a great way for an idea to grow and thrive, many startups don’t make it.
Various factors decide whether a startup will get to go further or not and here, we describe some of the top reasons that help a startup succeed based on a TEDTalks podcast video by Bill Gross. For those who are not aware, Gross has founded many startups, and incubated many others — and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people’s, and ranked each company on five key factors. Let’s read on.