25 Lessons in 25 Years

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 24 January 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 98: I’m going to be breaking down a 45-minute video by one of the greatest startup minds of all-time, who quite possibly, you’ve never heard of. Bill Gross is the Founder of IdeaLab, considered by many to be the world’s first venture studio. Modeled after Thomas Edison’s Lab, a place where many ideas and inventions can be tested under one roof, IdeaLab went on to find 5,000 ideas, launch 150 companies, and successfully IPO or exit 50 businesses. The business hit its 25-year-mark in 2021 and Bill Gross shared an article titled “My 25 lessons learned from 25 years of creating companies,” which is a goldmine for any business builder. I’m going to walk you through all 25 lessons in a way that saves you from watching all 45 minutes, but you still have a sense of why they matter and how to apply them to your company. Bill Gross Video: https://25-lessons.idealab.com/all-25-lessons-and-summary-by-bill-gross/ Zone of Genius Episode: https://foundersjournalpod.morningbrew.com/how-to-find-your-zone-of-genius/ Send us an email and let us know what you think of the idea! [email protected] #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's up everyone? Welcome back to another episode of Founders Journal. I'm Alex Lieberman co-founder and executive chairman of Morning Brew
0:06.8	Before we hop into the episode, I want to share an exciting update related to the podcast
0:11.8	Since day one for this show, my goal has been to document
0:15.7	the entrepreneurial journey in order to increase your odds of success
0:19.2	while building your business.
0:20.5	That goal has not changed, and as I've said countless times I look to you my
0:25.0	listener for feedback and ideas to help inform the content of the show moving
0:29.7	forward. Well in recent weeks there's been a very consistent theme in the emails that have been shared with me.
0:35.6	Whether it was a note about my episode breaking down the Lex Friedman conversation with Jeff Bezos,
0:41.2	or my recent episode summarizing and analyzing two great startup essays that
0:46.0	talk about spending your money wisely, this idea of curation and analysis continues to surface. You all feel like there's a ton of business content
0:55.2	on the internet and you're right. There are tons of podcasts, tons of people to follow on
0:59.2	social media, tons of books, tons of blog posts, tons of essays, but you don't have the time to search every corner of the internet to find the best most important content for entrepreneurs.
1:09.5	And that is what I'm making my job now.
1:11.8	Starting this week, I'm going to act as your startup
1:14.7	Sherpa, curating the best content for entrepreneurs in the world, summarizing it so you
1:19.8	don't have to read it yourself, and analyzing it so you have actionable
1:23.7	takeaways to apply to your business and for today's episode I'm going to be
1:27.9	breaking down a 45 minute video by one of the greatest startup minds of our time who quite possibly you've never heard of.
1:35.6	Bill Gross is the founder of Ideal Lab, considered by many to be the world's first venture studio.
1:41.6	Modeled after Thomas Edison's lab, which was a place where many ideas and inventions could be tested under one roof,
1:48.0	Idea Lab went on to find 5,000 startup ideas, launch 150 companies, and successfully IPO or exit 50 businesses.
	...

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