Building a venture backed startup traditionally follows several predictable steps. Entrepreneurs start with an idea and go through multiple stages of concepting and testing before they begin building an MVP for market launch. After you have your product and business established, entrepreneurs then look to raise money from angel investors or venture capitalists.
Startups, as unconventional and innovative as they may be, are still built today in a conventional, step by step process that is rooted in challenge.
Google "how to build a startup" and there are millions of entries dictating the necessary steps to building your business and ways to mitigate the obstacles you're bound to run into. There are certain barriers in place that prevent the rapid growth of startups that most entrepreneurs know they'll encounter. Startups risk taking on competitors with more resources and money; ideas may never come to life if people don't invest in the business; securing top talent is difficult when you're restricted to a small budget.
We're all familiar with the statistic: nine out of 10 startups will fail and the reasons range from realities tied to a lack of a product-market fit to insufficient capital. It's a statistic that's powerful enough to scare away, smart, would-be entrepreneurs from a lifestyle that's seems to be skewed to failure.
But what if entrepreneurs didn't have to worry about the obstacles deterring the success of startups? Entrepreneurs are in the business of disrupting traditional industries so it was only a matter of time before entrepreneurs disrupt how startups are created.