In general, the concept of “startup” can refer to any project that is actively developing, or in general, any company that not so long ago but at the same time began its activities. But still, startups are often called bold, innovative projects implemented over the Internet. Such projects are called Internet startups. What is an internet startup? You can find more information about IT topics and interesting startups here: https://ronasit.com/.
The main thing that distinguishes an Internet startup from any other Internet project is the uniqueness of its idea and the presence of a “highlight” that distinguishes this resource from competitors. Such a “highlight” may be the use of innovative technologies and scientific developments and the use of non-standard approaches to solving the usual range of problems.
Among the well-known world examples of Internet startups, experts call such projects as MySpace, Wikipedia, YouTube, Facebook, Digg, Flickr, and other interesting startups on ronasit. On this site, only high-quality and unique information.
All these projects during their creation caused a kind of revolution, and after their successful “explosion” on the Internet appeared, many analogs. And although some of these analogs have been successful, it is worth noting that the repetition of an idea that once “exploded” almost never receives as much profit as the original.
During its creation and development, Internet startups go through 5 main stages. The first stage is sowing. At this stage, the Internet startup goes from developing a project concept and creating a viable prototype to closed and then public beta testing. After the sowing stage, it is the turn of the startup stage.
Important aspects for a successful startup
At the stage of launching an Internet startup, the first clients are involved, and the mechanism of the project is set up. During this stage of the startup, it is very important to attract investors to ensure the planned growth of the project. If the startup stage is successful, the startup goes to the growth stage.
The startup growth phase is the period during which the project attracts more and more customers, pays off, and starts to make a profit. At this stage, the startup often reaches a stable position in the market. The next stage – the expansion stage – involves even more active customer engagement and increased profits. At this stage, the startup has usually achieved the goals outlined in the business plan for the selected market and begins to enter other markets.
The final stage of startup development is the exit stage. At this stage, investors who financed the startup at earlier stages are “leaving” the business. At the same time, the “exit” can take place in different ways: either through the sale of the startup to strategic investors or through the initial sale of the company’s shares on the stock exchange. It is also possible to sell the company’s shares to direct investment funds.
The key to the success of any startup, including Internet startups, is the presence of an innovative but realistic idea, the presence of a team ready to make every effort to launch and develop the project, and, of course, the availability of investment. The latter can be obtained from individuals (they are called “business angels”), as well as from various investment funds.
- Sometimes it seems that there are a lot of ideas around that can be turned into a great startup. But, starting to study the topic, everyone is faced with the fact that it was already invented a long time ago, or a similar solution was only recently launched. It is necessary to follow trends in technology and innovation. Subscribe to Telegram channels, to veterans of innovative entrepreneurship on social networks, take online courses on innovation and, of course, follow the news. On the other hand, ideas can come as solutions to particular problems. As soon as you become a professional in your field, you get a complete picture of what this or that field of activity looks like, with a complete list of problems that need to be solved. This is where you need to lean back and think about what problems your colleagues, fellow students, and relatives face. Perhaps it is you who will come up with a creative and original solution for everyone.
- TEAM. It’s very hard to carry out all the work. It is possible, but it will take a long time. Startups need to grow fast because the competition doesn’t sleep. Therefore, a good team or dream team that will support the development of the product in the rear and on all fronts is an important element of every startup. The presence of “chemistry” between team members, combined with their skills and competencies, creates impossible things. Remember, your childhood friends may not always be great startup partners. The team must be selected not only in terms of competencies but also in terms of character and ability to build communications.
- SKILLS. It is very important to understand that if you want to open a startup that offers a new solution in medicine, you must have expertise and experience in the field of medicine, and if you want to “wash down” an application that helps students in learning, you must at least be a student yourself with knowledge of programming languages. Moreover, just knowing the technologies on which your solution is based is not enough. A startup is not the only innovation. It is entrepreneurship and business. Therefore, without basic knowledge of how the real market works, you can limit yourself, at best, to a patent, at worst, to gain experience in prototyping. Startup skills, like having a great team, help you grow quickly, leaving behind all competitors, and scaling quickly and rapidly.
- PERSISTENCE. If you have already assembled a team, realized that the market needs your solution, identified key partners, and learned where and how to find your client, then the most difficult thing remains – perseverance and faith in success. It is important to understand that startups are always something new, not only for the whole team but for the market as a whole, and new things are always perceived as hard. Every day a startup faces new problems that need to be solved here and now. On the other hand, it can be important to wait for the right moment and not lose heart. It is necessary to participate as actively as possible in contests, startup weekends, hackathons, and similar events. So you will gain an understanding of whether your startup is moving in the right direction, and you can get feedback.