Startups Following This Model Can Succeed

A common criticism about startup companies is that they are far too risky to begin and far too poor an investment for outside capital. Companies that are just beginning are often touted as only having a one in ten chance of still being around after a few years. No one knows the perfect formula of things to do in order to be a successful business. But one thing we can do is look at all of the startups that have succeeded as of late and notice some very common characteristics between all of them. This is by no means a guarantee that your business will succeed but it certainly is comforting to know that your doing everything possible to mirror the most successful businesses around.
A recent article claims that there are six main characteristics that successful startups tend to have in common. The first is seed money from well established companies such as Google or Oracle. The second is a partnership with Universities all around the globe. The remaining four characteristics include human capital, investment capital, mentoring and values. One reoccurring thing in successful startups is capital capital capital. Very infrequently do startup companies with a low total capital value mature into adulthood. Partnerships with Universities usually aid in developing a new research method or help the company get over an issue with creating a prototype that they could not have otherwise created on their own. The final two characteristics, mentoring and values, often come as package deals associated with garnering capital and a relationship with a University. As more people come into your inner circle you will have more mentors at your disposal and if these people have been in your respective industry for a long time, will undoubtedly have the values to make your startup business succeed.

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