The ingredients for a successful startup

There are a couple of research reports out today which indicate the impact of a number of different variables on the likely success of a startup. As with cooking in the kitchen, having the right ingredients doesn’t guarantee success, and equally a good cook can make a great meal out of almost anything, but high quality raw materials undeniably make success more likely both in the kitchen and in the world of startups.

However, in the kitchen it is generally well understood which are the ingredients where quality will make a difference, whereas in startups the relative importance of factors like the age of founders and the balance of the founding team have largely been matters of conjecture and ill-informed debate. As an aside, in my opinion most business literature suffers from the difficulty of getting high quality data and is over-reliant on anecdote and case study, which is where the startup world has been. Until now…

Nic Brisbourne

Full Story: http://www.theequitykicker.com/2011/05/31/the-ingredients-for-a-successful-startup/