Does a successful business really rely on a good idea?

Startup ideas only account for 28% of a startup's success

If you think it’s all about the idea, then think again. In their report: Disrupting the Venture Landscape: Why the Startup Model is Where Investors Find Capital Efficiency by GSSN claim that the idea only contributes to 28% of a startup’s success, which goes against traditional entrepreneurs’ thinking that it’s all about the idea. In fact, it’s not! It’s more around the team, their execution, timing, and of course a bit of old-fashioned luck always helps.

by Tobi Nagy