Startup Survival

Influencing Factors:

• Problem the startup is trying to solve.
  • Population Size(Market Size): How many people are influenced by the problem?
  • Influence: How important the problem is to these people?
  • Solution's worth: How much are people willing to pay for a solution?
• Competition: What alternative solutions exists.
• Adoptive behavior: Effectiveness of startups in dealing and taking advantage of with change.
• Customer Gain
• Customer Retention
• Business Risk Management and contingency planning.

Notes:

• Finding new markets is extremely hard. meaning if a market exists it's already hosting multiple startups. A market without startups is most likely incapable of giving rise to startups.
• In technology sector, often the top startup in a market is worth more than all it's competitors combined and hard to displace; making it a winner-takes-all situation.
• When competition for solving a problem is hard, creative and innovative use of socio-politico-economic changes or advancements in technologies is a winning strategy.

Learning Material:

• How to pick startup ideas