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Very nice. What constitutes a micro-startup?
by Ladyady 5y ago
Very nice. What constitutes a micro-startup?
- maiensch 5y agoI can see the micro-aspect as most of these target niche markets, are run by solo-founders, etc., but what differentiates these from traditional small businesses other than the fact they sell digital products and services?
- sweatC 5y agoExactly. The most significant differentiation is that most of the tech projects run worldwide. The founder might not have a permanent place like other small traditional businesses. You could be a nomad with a desktop and Wi-Fi in Bali and travel without being fully dedicated to the business. So, for me, it's freedom.
- sweatC 5y agoWhat is micro-startup - Solo or < 5 people team - Bootstrapped - Niche target market - Focus on profit and sustainability
- chockchocschoir 5y agoConsidering how many of the "startups" listed there shows "ARR: $0", I'm wondering if maybe "focus on profit" is a bit misguided.
- sweatC 5y agoSometimes people just don't have enough marketing skills or don't want to promote products but they might have a great potential to make a revenue. In this case, you're right, focus on profit is a great to have to attract buyers.