Startups are never about ultimate perfection, rather are an interactive process of continual development. The founders do not know it all from the beginning but learn in the process as they grow.
While innovation is the soul of startups, scalability is important to function, sustain and grow. Startups seek to scale by raising investments and generating high returns on investments. They raise investments in multiple rounds – bootstrapping, seed funding, etc – to actualise their rapid expansion benchmarks.
Understanding the investors helps startup founders pitch better to garner greater investment amounts and scale their startups exponentially. Startups with a robust minimum viable product (MVP) – the earliest phase of a product which is open for consumption and feedback, to refurbish – are more likely to attract good investments. It is important for investment seekers to have an outline for budget allocation with action plans before pitching for funds….read more