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    Startup Development Phases v.3.6 (Public)

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    Hira
    The document outlines the typical stages of startup development from idea formation through growth. It includes: 1) The early stages of idea formation where the founder establishes the mission, vision, and initial strategy for the business idea. 2) Validation of the idea through building a minimum viable product and testing problem/solution fit with users. 3) Scaling up the business by focusing on key performance indicators, measurable growth in users and revenue, and attracting additional resources. 4) Establishing the business further by strengthening processes, attracting financial and talent resources, and depending on the vision and market, continuing growth or making an exit.

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    Startup Development Phases v.3.6 (Public)

    Uploaded by

    Hira
    229 views1 page
    The document outlines the typical stages of startup development from idea formation through growth. It includes: 1) The early stages of idea formation where the founder establishes the mission, vision, and initial strategy for the business idea. 2) Validation of the idea through building a minimum viable product and testing problem/solution fit with users. 3) Scaling up the business by focusing on key performance indicators, measurable growth in users and revenue, and attracting additional resources. 4) Establishing the business further by strengthening processes, attracting financial and talent resources, and depending on the vision and market, continuing growth or making an exit.

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    The document outlines the typical stages of startup development from idea formation through growth. It includes: 1) The early stages of idea formation where the founder establishes the mission, vision, and initial strategy for the business idea. 2) Validation of the idea through building a minimum viable product and testing problem/solution fit with users. 3) Scaling up the business by focusing on key performance indicators, measurable growth in users and revenue, and attracting additional resources. 4) Establishing the business further by strengthening processes, attracting financial and talent resources, and depending on the vision and market, continuing growth or making an exit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    229 views1 page

    Startup Development Phases v.3.6 (Public)

    Uploaded by

    Hira
    The document outlines the typical stages of startup development from idea formation through growth. It includes: 1) The early stages of idea formation where the founder establishes the mission, vision, and initial strategy for the business idea. 2) Validation of the idea through building a minimum viable product and testing problem/solution fit with users. 3) Scaling up the business by focusing on key performance indicators, measurable growth in users and revenue, and attracting additional resources. 4) Establishing the business further by strengthening processes, attracting financial and talent resources, and depending on the vision and market, continuing growth or making an exit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    FORMATION VALIDATION GROWTH Establish &

    Strengthen

    Business
    Mission > Vision > Strategy Lean Startup Scale Up
    Idea

    ● Idea and co-founder team formation Minimum Viable Validate / Iterate Processes &
    ● What, to whom, why and how? Product (or pivot) KPI’s

    -2 -1 0 1 2 3
    Levels of validation
    Problem / Solution Fit Vision / Founders Fit Product / Market Fit Business Model / Market Fit

    Ideating Concepting Committing Validating Scaling Establishing


    Entrepreneurial Defining mission and Committed, skills balanced Iterating and testing Focus on KPI based Achieved great growth,
    ambition and/or vision with initial strategy co-founding team with shared assumptions for validated measurable growth in that can be expected to

    Organization
    potential scalable and key milestones for vision, values and attitude. solution to demonstrate users, customers and continue. Easily attract
    product or service idea next few years on how to Able to develop the initial initial user growth and/or revenues and/or market financial and people
    Talent

    for a big enough target get there. Two or three product or service version, revenue. Initial Key traction & market share in resources. Depending on
    market. Initial idea on entrepreneurial core with committed resources, or Performance Indicators a big or fast growing vision, mission and
    how it would create co-founders with already have initial product or (KPI’s) identified. Can start target market. Can and commitments, will
    value. One person or a complementary skills and service in place. Co-founders to attract additional want to grow fast. continue to grow and
    vague team; no ownership plan. Maybe shareholder agreement (SHA) resources (money or work Consider or have attracted often tries to culturally
    confirmed additional team members signed, including milestones, equity) via investments or significant funding or continue “like a startup".
    commitment or no for specific roles also with with shareholders time & loans for equity, interest or would be able to do so if Founders and/or investors
    right balance of skills ownership. money commitments, for next revenue share from future wanted. Hiring, improving make exit(s) or continue
    in the team structure three years with proper revenues. quality and implementing with the company.
    yet. vesting terms. processes

    Startup Development Phases - from idea to business and talent to organization. Version 3.6 - www.startupcommons.org

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