From thousands of miles away, Silicon Valley can feel like a magic box: normal people enter and out pop billionaires. But the startup ecosystem is much like the Wizard of Oz, where, when you pull back the green curtain, there stands a man.
There’s actually a fairly systematic process behind the formation, growth and financial success of many startups. Which is not to say that it is a fool’s errand to launch a successful startup and grow it into a billion-dollar company, but only to say that it has been done, and there is a worn path and a mature ecosystem surrounding this routine.
Startup may seem to be difficult. People who wanted to start their own business ended up not doing so because they are not sure on what path their business will be. Starting up does not have to be that difficult. No one became a billionaire in one way. What complaints do you have about other products or services? Will you continue complaining or are you going to make things that will make people stop complaining?
Startups usually do not risk going through the business that they wanted because they do not have the money for it. What they do not know is that there are lots of investors who are willing to invest in a business that they think has the potential to grow. Want to know more on what the investors wanted to see on your proposal?
Check out the infographic that is based on famous programmer and venture capitalist Paul Graham’s essay “How to Start a Startup.”
Source: www.fundersandfounders.com
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