Bill Gross started Idealab in 1996. Since then, Idealab has come up with more than 5,000 ideas, started more than 150 companies, and had more than 50 successful IPO’s and acquisitions including created more than 10,000 jobs and thousands of new entrepreneurs.
Bill shares 25 lessons learned from 25 years of starting companies.
Lesson 1: Challenge the Status Quo
Lesson 2: Find Great Timing
Lesson 3: Learn to Say No
Lesson 4: Be Success Sensitive
Lesson 5: Find Product-Market Fit
Lesson 6: Become a Great Story Teller
Lesson 7: Be Lean
Lesson 8: Be Remarkable
Lesson 9: Try Again
Lesson 10: Build A Complementary Team
Lesson 11: Be Persistent
Lesson 12: Protect Your IP
Lesson 13: Ignore Downturns
Lesson 14: Use Moore’s Law
Lesson 15: Iterate Like Crazy
Lesson 16: Be Frugal
Lesson 17: Find your Purpose
Lesson 18: Culture Eats Strategy
Lesson 19: Have Laser Focus
Lesson 20: Make Investors Money
Lesson 21: Be a Learning Machine
Lesson 22: Always Be Fundraising
Lesson 23: Be Transparent
Lesson 24: Ignore Sunk Costs
Lesson 25: Embrace Diversity