Sonntag, 24. März 2013

35 IPOs/Exits and 40 Failures

Lessons learned from Bill Gross

As the founder of Idealab, Bill Gross has advised and helped fund more than 100 companies, been involved with 300 rounds of financing of more than $3.5 billion and 35 successful IPOs/acquisitions – and that’s just since 1996. However, it’s the 40 companies that failed that Bill has learned the most from. From giving credit and sharing equity, to seeking out opposite skills and recruiting A+ talent, Bill shares the patterns to success for startups in this First Round CEO Summit talk. View Full Text at


Bill Gross founded Idealab in March 1996 and serves as the company's Chairman of the Board and Chief Executive Officer. Bill founded Idealab to create and build successful businesses that capitalize on innovations in areas with significant growth opportunities, including the Internet. A lifelong entrepreneur, Bill started several companies prior to Idealab. In high school, he founded Solar Devices, a firm that sold plans and kits for solar energy products. In college at the California Institute of Technology, he patented a new loudspeaker design and formed GNP Loudspeakers, Inc. After graduating from college, Bill and his brother Larry started GNP Development, Inc., which made a natural language product for Lotus 1-2-3 called HAL. In 1985, Lotus Development Corporation acquired GNP and Bill became a software entrepreneur at Lotus Development. 
In 1991, Bill started Knowledge Adventure, an educational software publisher that grew to be the third largest educational software publisher in the world and was eventually sold to Cendant Software and is now a division of Havas Interactive, which is owned by Vivendi. Bill serves on the boards of directors of numerous companies. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design. Bill received his B.S. in Mechanical Engineering from the California Institute of Technology.