The Silicon Review - Best Business Review Magazine 10 Best Startups of the Year 2019 Asia | Page 9

Growth: Startups
companies they had invested
in went public and valued their
investments in billions.
One of the most famous names
in angel investing includes Peter
Thiel, who provided the initial
seed funding of $2,00,000 for
Facebook and whose investment
is now valued at an amazing
$2 billion (an increase of over
10,000 times). A startup may
still be placed at an extremely
high valuation even before its
initial public offering (IPO).
However, it yields little money
to its investors when compared
to being a public corporation.
The Vision behind
a Startup
Any promising startup is
founded with an idea. The idea
is what drives the founder to
take the bold step towards
managing his own company.
The idea, in this case, is nothing
but a lack of something or a
requirement in the market that
others have not yet been able
to identify or have not been
able to exploit. After identifying
the opportunity, the person
behind the idea sets out to build
upon it and develop it into a
flourishing business. Some of
the most successful startups
were founded by people who
have worked in the relevant
industries for a considerable
period of time, gaining all the
knowledge and honing their
skill sets.
It goes without saying that a
person who wants to launch
a company needs to know
everything about the industry
which he is about to enter.
Knowledge of the industry is
paramount and without it, the
founders would have no idea
where they stand and what
kind of competition to expect
and how far to go. Maintaining
the quality of the products
and services is important, but
it is also immensely helpful
if one would know how his
competitors are placed in the
market. This is especially true
in the case of technological
products and services. Most
successful businessmen agree
that every entrepreneur must be
mindful of serious competition
right around the corner and
needs to work constantly to stay
ahead of any competition. As
the business grows, this threat
keeps on growing and needs
constant attention.
any development. Furthermore,
as a person whose idea led to
the founding of a company, a
wrong partnership will result
in founder losing the majority
stake in his company and
thereby, lose the power to make
all the important decisions.
Venture capitalism is an
important part of entire tech
startup ecosphere, providing
a nurturing breeding ground
for companies to be born and
to grow. The Silicon Valley in
California in the United States
of America is one such breeding
ground that has set the pace
for innovations all around the
globe. In addition to being
good for the overall economy,
startups are directly responsible
for improving the lives of people
from all walks of life around
the globe with their constant
breakthroughs in technology.
SR
A common mistake that most
emerging businessmen make is
to make partnerships with the
wrong people. Such working
relationships can result in
regular clashes amongst the
core team and negatively affect
JANUARY 2019
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