startupWorld

5+1 stages of a successful startup (II)

Seed Phase

The next stop on the train is the Seed stage. This is definitely the most important part of our entire startup lifecycle. It is a delicate moment and full of big decisions, which will mark the path and actions that the startup will take in the short and medium term.

In this stage, the idea begins to take shape and body, the first tests begin and the idea is validated.

Early Stage (Series A)

The product is already on the market and we have our first customers and our first feedback with them. It is important to listen to what the market thinks about our product or service, which aspects we need to improve and which ones to eliminate. No one can tell you what your startup needs better than the market itself. Therefore, it is essential to pay attention to these measures and use them to move forward.

The seed stage is the first round of venture capital we will receive. In these cases, we need to have customer flow and recurring revenue to validate the idea and thus launch and grow into new markets.

Growth Stage (Series B)

Our startup works, we have a repeat customer base and it's growing. The product fits the market and we have defined our segment. With all this in place, it's time to think of a growth strategy to scale, generate more revenue, increase customer volume, but not stop improving along the way.

Expansion Phase (Series C)

When ambition knocks on the door, only the brave open it. This stage can be repeated several times, depending on the strategies of the startup. Typically, those who reach these levels are already established companies with specialized teams in all areas.

The fear of testing and validating the idea is gone. It's time to face new challenges, do market research and expand. This is a phase with more risk than it seems, because it depends on the market, we will have to pivot and apply some changes in our product or service. Customs, religion or culture are good examples to understand this concept.

Exit Phase

This is the last step that our startup can take. When the time comes, the shareholders, both the founders and the different actors who have been investing in our project, can choose to leave.

Some investors may decide it's time to get out after the Growth phase. Or maybe our 3Fs want their input ASAP.

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