The most successful unicorn founder in history | Bill Gross shares the top 3 things he’s learned from growing 7 companies from zero to $1 billion
Sep 23, 2019
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Bill Gross, entrepreneur behind 7 billion-dollar companies, shares his top lessons and discusses the impact of the internet on his business. He also reflects on starting a technology incubator and emphasizes the importance of timing in venture success. The challenges of timing and external factors in business are discussed, using the example of failed company Z.com.
Finding contrarian ideas can lead to disruption and success by betting against the consensus.
Timing is crucial in entrepreneurship, and evaluating external factors before launching is essential for success.
Deep dives
Importance of Contrarian Ideas
One of the key lessons learned is the importance of finding a contrarian idea that is true but not widely accepted. The speaker highlights the value of having insights that others don't believe yet, enabling entrepreneurs to bet against the consensus and be right. Contrarian ideas have the potential to disrupt industries and create significant opportunities for success.
The Significance of Timing
The speaker emphasizes the importance of timing in entrepreneurship. He shares examples of companies that failed due to being too early in the market or not capitalizing on critical timing factors. The lesson learned is to carefully evaluate external factors and consider if the necessary conditions for success are in place before launching a business or product.
Not Being Dilution Sensitive
The podcast highlights the importance of not being overly concerned about dilution when seeking investment. It is advised to prioritize finding the best investors and partners rather than aiming for the highest valuation. The speaker also emphasizes the power of sharing equity with employees to align their interests with the company's success.
Sharing Insights and Motivating Staff
The speaker stresses the value of sharing insights and knowledge with employees and partners. By doing so, companies can foster a strong sense of alignment and motivation among the team. It is recommended to build a culture where employees have the opportunity to share in the company's upside, creating a win-win situation for everyone involved.
In this episode of the Tony Robbins podcast, you'll hear from Bill Gross – an entrepreneur who has personally started and exited from 7 COMPANIES valued at more than $1 BILLION each — that’s more than double tech investor Elon Musk. He is truly one of the greatest unicorn founders of all time.
Bill looks for opportunities that are BIG and broken and then brainstorms technology solutions to fix them. Twenty-three years ago, he started Idealab, a company that Tony Robbins is involved with today.
In part one of this podcast episode, you’re going to hear Bill’s top lessons of all-time as a serial entrepreneur, and then later in part 2, you’ll hear Tony's interview with him – where he shares his advice on raising capital, how to pitch investors, and his vision for the future – and how that affects your business and your career.
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