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Showing posts from August, 2024

7 stages of a startup

#1 Stage: Everything Starts With a Good or Great Idea. #2 Stage: Analysis and Pre-Seed Funding. #3 Stage: Funding search or Seed Stage. #4 Stage: Market entry and Series A funding. #5 Stage: Growth stage and Series B funding. #6 Stage: Expansion stage. #7 Stage: Exit phase  . Understanding the key stages of startup development can help entrepreneurs navigate this path more effectively. Here are the seven crucial stages that can potentially lead a startup to unicorn status: 1. Ideation: Everything begins with a scalable idea that solves a real problem. This stage involves brainstorming, market research, and forming an initial team of up to 4 people who share the vision. 2. Pre-Seed: The focus shifts to in-depth analysis - studying competitors, defining target audiences, and creating a basic financial plan. Funding typically comes from personal savings or friends and family. 3. Seed Stage: With a solid business plan and perhaps a prototype, startups seek external funding from angel i...