3 ms·
> We understand that 90% of startups fail Starting a startup is human activity, and you - the human - can have multiple activities, hence multiple start-ups (
by SMAAART 5y ago
> We understand that 90% of startups fail
Starting a startup is human activity, and you - the human - can have multiple activities, hence multiple start-ups (add to that pivoting). So while the 1st startup might fail, do it long enough and you'd be successful.
IMO the key is to work hard at MVP and iterate a lot.
Since you're here, have you thought of https://www.startupschool.org/ https://www.startupschool.org/ ?
As far as your point 1 to 7, not bad; I have a different approach but that's where we are all different. At the end of the day, if you build something that people want and are willing to pay (MVP/Lean Startup concepts) the money (investment) will follow.
Now, going from the garage stage to "#6. Grow/market and gain more customers??? " it's a different skillset; by the time you are there, you'll know more about your product offering, your audience, yourself and you'll have co-founders, early employees and investors to help you out.