How to Judge a Startup’s Shot at Success

Thinking of going early-stage? It’s certainly not a decision to be taken lightly. Working for a young, perhaps bootstrapped company, you need to be prepared to take on a significant amount of responsibility with minimum pay. When 92% of startups are reported to fail within three years, the numbers aren’t exactly hopeful.

So, what should you be looking at as you decide whether or not to accept that early-stage offer? According to Bill Gross, CEO and co-founder of Idealab (alongside Startup Institute instructor Tom Hughes) there are a few common elements of successful startups, but one factor that trumps them all.

Edit: This presentation was first delivered by Tom at Startup Institute Boston, just months before Bill presented for TED.


Christine Zimmermann is the content marketing manager at Startup Institute.

Startup Institute provides immersive education for the innovation economy. Their full-time and RampUp programs help individuals toStartup-Institute-Global-Logobuild the skills, mindset, and network to get jobs and thrive at startups.