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.

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