One from the archives but still a great post from Marc Andressen about the right product, market fit being the most important driver of success. Going counter to received wisdom, Marc has quality of team in third place.
First obvious fact: there is an incredibly wide divergence of success — some of those startups are insanely successful, some highly successful, many somewhat successful, and quite a few of course outright fail.Second obvious fact: there is an incredibly wide divergence of caliber and quality for the three core elements of each startup — team, product, and market. At any given startup, the team will range from outstanding to remarkably flawed; the product will range from a masterpiece of engineering to barely functional; and the market will range from booming to comatose.And so you start to wonder — what correlates the most to success — team, product, or market? Or, more bluntly, what causes success? And, for those of us who are students of startup failure — what's most dangerous: a bad team, a weak product, or a poor market?