Minimal structure, maximal energy
A startup company works to solve a problem where the solution is not obvious and success is not guaranteed. Its promise is: tremendous growth and the excitement of making immediate impact. A recently established company, with few employees and few resources, which will bring an innovation to the market. It’s a company designed to be scalable as quickly as possible. A trait that distinguishes small business startups, besides the jovial mood and the passion for venture, is the focus on growth independent of geography.
Ariel Garten, co-founder and CEO of InteraXon, startup that develops “Muse”, a brainwave reader, affirms, in an interview for Forbes, that a startup company often is big idea which centers around tech. And she also tells: “A mentor once told that a startup is simply a series of experiments looking for evidence of repeatable outcomes”.
Am I still a startup company?
A company ceases being a startup when it plays more defense than offense. That mind shift occurs when a company grows protective of what it’s doing rather than attempting to do something truly innovative.
Signs that you are no longer a startup can be IPO (Initial Public Offering), i.e. becoming a publicly traded company to shareholders, or a body of employees with more than 50 people, or when your company is already able to acquire another company. In this case, your startup has grown!
Did you know that Runrun.it is also a startup? We are the first Brazilian software to increase business productivity and ease the organization of projects and tasks. Got curious? Test it, for it’s free: http://runrun.it
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