Don't Let Your Startup Be Another Statistic Over 66% of startups fail to deliver value to investors, according to Harvard Business Review. The biggest reasons? Lack of funding and lack of market need. The Solution? A proof of concept (PoC) 💡 A PoC is like a test drive for your software idea. It helps you assess if your concept is technically feasible and if it solves a real problem for your target market. Here's why a PoC is crucial: Validates your idea: Ensures your concept is technically sound and meets market needs. Reduces risk: Avoids wasting time and money on a product that won't succeed. Attracts investors: A well-validated PoC makes your startup more appealing to investors. Guides development: Helps you refine your product vision and roadmap. Ready to create your PoC? Requestum is open to new opportunities and ready to help your startup today! #softwaredevelopment #Requestum #startup #proofofconcept #innovation #technology
Dmytro Butyrin’s Post
More Relevant Posts
-
Startup failures are inevitable. The failure rate for new startups is currently at 90%. This CB Insights report lists reasons. Which one will knock you down? I do hope your answer is, "NONE!" Love that confidence. B2B tech startups that work with Industry Analysts (Gartner, IDC) dramatically increase their survival, according to research by the University of Edinburgh. Analysts help a startup with brand awareness, funding, introduce new sales opportunities, validation, PMF, messaging, more. It's a low cost, mild effort, high value sort of thing -- when you know how to do it right. Book a call: calendly.com/schafferar #analystrelations #startups
To view or add a comment, sign in
-
Applying Market Research in Strategic Planning for Startups🚀 #MarketResearch is more than just a tool for gathering data—it's a pivotal element in strategic planning for #startups. When used strategically, market research helps young companies fine-tune their business strategies and boost their competitive edge. Let’s explore key areas where market research can significantly improve startup performance. For deeper insights into leveraging market research for startups, check out this blog post: https://lnkd.in/g6YgeX3E
To view or add a comment, sign in
-
What is Business Incubation, and Why is it Crucial for Startups? By TEMS Tech Solutions Launching a startup is an exciting but challenging journey. Business incubation offers the essential support, resources, and guidance startups need to thrive. Here’s why it’s crucial: 💠 Provides Tailored Support Incubators offer mentorship, strategic guidance, and resources to help startups refine their business models and achieve growth. 💠 Reduces Operational Costs By providing shared resources like office space, technology, and administrative services, incubators lower startup expenses. 💠 Builds Strong Networks Startups gain access to valuable connections with industry experts, potential partners, and investors through incubation programs. 💠 Increases Investor Readiness Incubators prepare startups to secure funding with pitch training, financial guidance, and access to investor networks. 💠 Drives Startup Success With the comprehensive support of business incubation, startups are more likely to innovate, scale, and succeed in competitive markets. ✨ Business incubation is the foundation that transforms startup ideas into thriving, sustainable businesses. #BusinessIncubation #StartupSuccess #InnovationInAction #MentorshipMatters #FutureReadyStartups
To view or add a comment, sign in
-
Antler VN 7 Bootcamp 1 – How to size the market easily? Day 5 is our bootcamp 1 presentations. All teams got a day to put together a pitch deck. Turns out there is a format you shouldn't try to deviate too much. For an example about Market Size: TAM: Should be in billions, shows your long-term ambitions and vision with no constraint. SAM: Your go-to-market strategy, filter by your offering, country, etc. Shows how you think about your entry point. SOM: Should be at least 100-150 million, first 3-year execution, consider they are your first 15% before The Chasm (Law of Diffusion of Innovation), capturing only those who care about the problem you trying to solve. Better still to show ⬆️ increasing CAGR for your industry. Why this way? It is because most VCs are betting on whether you are the unicorn 🦄, and they just need 2 (In Antler's context) If everyone's numbers are more or less the same, then what makes the difference? How you backed it up data, not just your opinion. Two very similar startups can offer different strategy. #AntlerVietnam #StartUpBootcamp #MarketSize #TAMSAMSOM #StartUp #LawOfDiffusion #LetsRally
To view or add a comment, sign in
-
Ever wondered why some startups grow exponentially while others struggle? For tech founders and key business decision-makers, understanding and implementing scalability is the key to unlocking sustainable growth. Scalability isn't just a buzzword; it's the foundation of a startup's ability to adapt, expand, and thrive in competitive markets. Why does scalability matter? 1. Ensures Sustainable Growth: As your user base grows, your systems must handle increased demand without compromising performance. 2. Optimizes Resources: Efficient use of resources means you can scale operations without proportional increases in cost. 3. Enhances Market Competitiveness: Scalable businesses can respond quickly to market opportunities and challenges, gaining an edge over less adaptable competitors. At Parallelscore, we’ve seen firsthand how startups prioritizing scalability are better positioned for long-term success. Whether you're just starting or looking to expand, making scalability a core part of your strategy can be the game-changer your business needs. Ready to take your startup to the next level? Please reach out to us at the link below to learn how our expertise can help you build a scalable, future-proof business model. https://lnkd.in/g7TgZRHG #Scalability #StartupGrowth #TechSuccess #Startups #GrowthMindset #BusinessStrategy #TechFounders #Innovation #SustainableGrowth #Parallelscore
To view or add a comment, sign in
-
Navigating the startup terrain requires more than just passion. It demands precise, data-driven decisions. That's where entrapeer steps in. Our latest blog dives deep into how we empower startups to master market research and strategic decision-making without the hefty price tag or slow turnaround times of traditional methods. 🔍 With entrapeer for Startups, gain access to our expansive use case database, Competitor Hub, and real-time market insights, crafted to elevate your business strategy and secure your market position. 👉 Dive into our blog to uncover the essential tools and insights every startup needs to thrive in this competitive landscape. Discover how to transform obstacles into opportunities today: https://lnkd.in/e-xVaAKS #StartUps #StartupSuccess #MarketResearch #InnovationIntelligence #entrapeer
To view or add a comment, sign in
-
Pitch Your Startup to Top Investors: Register Now! 🚀 Hey Everyone, We’re thrilled to announce Pankaj Gupta, CA and expert in Fortune 500 companies, MNCs, Startups, and MSMEs, as the fifth investor for the eagerly awaited Investor Pitch Day by First500days! Don’t miss your chance to secure funding and accelerate your startup's journey. This is your exclusive opportunity to: ✅ Pitch your startup to leading investors actively seeking innovative ventures. ✅ Gain invaluable feedback to refine your business strategy. ✅ Explore potential funding and mentorship opportunities. Event Details: 📅 Date: 11th January 2025, Saturday ⏰ Time: 5 PM IST 📍 Mode: Online We’re selecting 5 exceptional startups to showcase their ideas. Each startup will have a 10-minute pitch, followed by a Q&A session with the investors. How to Apply: Fill out Google Form to share details about your startup: Link is in the comment 📩 For more details, feel free to DM us! 📌 Deadline for applications: 25th December 2024 Don’t miss this opportunity to elevate your startup and gain access to the network and funding you need to scale! #StartupPitch #InvestorPitchDay #StartupFunding #StartupLife #Innovation #VentureCapital #StartupOpportunities #FoundersEvent #OnlineEvents
To view or add a comment, sign in
-
VCs only invest in validated MVPs, not ideas alone. Because 90% of startups fail due to no real need. Many founders pitch with just an idea, hoping for funding. But here’s the deal Ideas without proof are just guesses. Startups need validation, not just concepts. For example, Antler receives 12k-15k applications each year But they only choose 15 startups to invest. Investors want to see how you → Tested your concept → Gained real traction → Without burning a lot of cash. An MVP doesn't guarantee you will get funded. But it increases the chance of your application. An MVP is essential, not optional anymore. If you have a bunch of ideas, follow this roadmap: → Allocate resources → Validate concepts early → Build an MVP resonating with customers → Use the traction as a solid proof in your pitch Are you going for funding or relying on bootstrapping? Let me know in comments 👇
To view or add a comment, sign in
-
Let's clear up some common misconceptions about design discovery workshops and how they can be a game-changer for startups 🚀👇 Myth 1: They're only for large companies Reality: Startups can benefit immensely from these workshops by gaining clarity on their vision, goals, and target audience. It's about setting a strong foundation from the get-go. Myth 2: They take too much time Reality: While they require commitment, the time invested is minimal compared to the long-term gains in product direction and market fit. Think of it as a strategic shortcut to success. Myth 3: They're costly Reality: The upfront cost can save startups from costly pivots or failures down the line, making it a smart investment. #Designdiscovery ,#earlystagestarups ,#Interactiondesign
To view or add a comment, sign in
-
𝐄𝐯𝐞𝐫 𝐡𝐚𝐝 𝐚𝐧 𝐢𝐝𝐞𝐚 𝐭𝐡𝐚𝐭 𝐟𝐞𝐥𝐭 𝐬𝐨 𝐛𝐢𝐠 𝐲𝐨𝐮 𝐰𝐞𝐫𝐞𝐧'𝐭 𝐬𝐮𝐫𝐞 𝐡𝐨𝐰 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐫𝐞𝐚𝐥? It starts with a thought, a spark of brilliance. But how do you turn that into something tangible? For startups, turning ideas into success isn’t about just having a vision—it’s about having the right technology and the right people behind it. Here’s the truth: 𝐂𝐮𝐬𝐭𝐨𝐦 𝐈𝐓 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐦𝐚𝐤𝐞 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞. Here’s why: - Generic solutions won't work for a unique business idea. - Tailored tech stack helps scale at the pace of your growth. - You need an IT system that adapts as your startup evolves. Think about it: Without a personalized approach to technology, your business will be running in circles, trying to keep up with competitors who’ve already built a scalable system. So, the question is: 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐜𝐚𝐥𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐭𝐞𝐜𝐡 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬? Start today. Start customized. Shushant Goyal Paras Arora #Strategywerks #CustomITSolutions #StartupSuccess #ScaleWithTech #TechForStartups #InnovationInAction
To view or add a comment, sign in