[[Notes]] - Topics: [[Creativity]], [[Time]] - People: [[Bill Gross]] - Source: https://www.youtube.com/watch?v=bNpx7gpSqbY --- ## Summary - Timing is the most important factor. - [[Execution matters a lot, but timing might matter even more]]. - [[The right decision at the wrong time is the wrong decision]]. - [[If you have something you love, you want to push it forward, but you have to be very honest about that factor on timing.]] - [[You can't always make the right decision, but you can make the decision right]] ## Notes ### 5 factors for success Thinking through these factors: - Idea: The idea was everything. - Team: Execution. Adaptability. - [[Everyone has a plan 'till they get punched in the mouth]]. - The customer is the true reality. - Business model: A clear path to generate customer revenue. - Funding: Resources to realize ideas. - Timing: Is the idea too early. ### The most important factor... Time - [[Execution matters a lot, but timing might matter even more]]. - [[If you have something you love, you want to push it forward, but you have to be very honest about that factor on timing.]] - Timing was the most important factor. Funding was the least important factor. - [[Timeliness is next to godliness]]. - [[The right decision at the wrong time is the wrong decision]]. - [[You can't always make the right decision, but you can make the decision right]]. ### Examples of timing - Airbnb - Came out around the height of the recession when people needed extra money. - Uber - Drivers were looking for extra money. - Youtube - Codec problem solved by Flash and broadband internet connection was popular enough.