Lecture (Level 2) – The single biggest reason why startups succeed

by Bill Gross

an American businessman who serves as Chairman of the Board and Chief Executive Officer of Idealab, a company that creates companies.   He is a member of the Board of Trustees of the California Institute of Technology.

First, preview the vocabulary below.  Then click the exercise below, read a question and then listen for the answer.  When you hear the answer, pause the video and answer the question.  Then read the next question and do the same thing. 

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factors:  reasons
startup:  a new company
human potential:  What’s possible for a person to achieve
systematic:  with a plan so nothing is forgotten
instincts:  feelings
misperceptions:  wrong beliefs
execution:  doing the job
punched:  hit with a fist
adapt:  change in response to something happening
revenues:  money from sales
funding:  money from others to get a company started
timing:  the correct time to start something new
competitors:  other companies selling the same thing
attributes:  good qualities
definitive:  the correct answer
gaining traction:  becoming more successful
recession:  bad economic period
revenues:  money coming in
© 2014 Ambien Malecot


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