The original idea for an "idea lab" was only supposed to last one year. "I wasn't thinking long term. I didn't think I'd be doing this 17 years later," said Bill Gross, founder of Idealab, Los Angeles' first startup incubator, which was formed in 1996. "It was much more personal then. I had come up with ideas all my life and learned that the more focused a company can be, the more successful it can be."
The original idea for an "idea lab" was only supposed to last one year. "I wasn't thinking long term. I didn't think I'd be doing this 17 years later," said Bill Gross, founder of Idealab, Los Angeles' first startup incubator, which was formed in 1996. "It was much more personal then. I had come up with ideas all my life and learned that the more focused a company can be, the more successful it can be."
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