These seem kind of obvious, but according to successful, serial tech entrepreneur, Marc Andreeson (the guy who founded Netscape and pretty much paved the way for the modern Internet), the 3 criteria for any successful start-up are:

1. A substantial market opportunity.
2. A product that is 10x better than its competition.
3. An outstanding team.

He says #2 above can be compromised to a degree, but the other 2 are not optional.  Can’t say I disagree with these, as I am guessing that most start-ups that fit the above description are wildly successful.  Regardless, the video below is worth a watch – check it out.

Related articles by Zemanta

• Marc Andreessen Pays $4,000 A Month For His Home Internet Connection (T, AAPL) (businessinsider.com)
• Free Ain’t Going Anywhere (markevanstech.com)
• The Secrets Behind Building A Startup Like Facebook (businessinsider.com)

About the Author - Brian Powers

Brian Powers is an attorney, entrepreneur and the owner/founder of IndianaStartup.com. His legal practice focuses on advising entrepreneurs, start-ups, and small business. He can be contacted at (317) 426-0529. He also never wears ties, despite what you see in this profile picture.

Website - Twitter - Facebook - More Posts

Related posts:

1. Building a Successful Startup – Tips from the CEO of Formstack.com
2. Building a Successful Startup – Tips from the CEO of Formstack.com
3. Building a Successful Startup – Tips from the CEO of Formstack.com
4. Developing a Good Business Model For Your Startup
5. The “Lean Start-up” Process