Top 10 Facts About The Startup Culture

In this generation, where everything and everyone is tech-savvy, many startups have come into the market, from transport to food delivery. Everyone looks at the bigger picture as to how much it is growing, but no one looks at what goes into it. Below are some facts about the startup culture that would give you a better idea of startup culture.

1. Most startups have a humble opening
   Most successful business and tech startups have stories that would blow anyone’s mind. Some of the most successful companies in the market are Apple, Amazon, Starbucks, etc. To start small is the philosophy that is eventually getting a serious driving force for most startups to become successful today. 
2. Startups are for risk-takers and niche finders
   The success of any startup depends on how far the founders are willing to go and accept risks by turning them into opportunities for the business. Startups are driven by an entrepreneurial mindset that compels them not to be scared of taking risks and embrace what comes with it. The majority of startups take a rocket launch because they are in for taking risks. 
3. Most founders do not stay in the position of the CEOs
   Most of the startup founders take the back seat in terms of the long run. This is because it is not necessary that the founder must have managerial skills and get outmaneuvered by hostile stockholders. 
4. Startups are about tech
   The majority of people think that all startup companies are about a technology business. All this concept is because people have only looked at companies like Facebook, Airbnb, Google, etc. Any startup company that starts working does not have to be working and solving problems, and also it does not guarantee success. 
5. Most startup owners are dropouts
   Let’s be clear, most of the startup owners are school dropouts, but not all of them are the same. Some examples of the same are Mark Zuckerberg from Facebook, and Evan Williams, co-founder of Twitter, etc., are some renowned examples of people who are school dropouts. 
6. Startups attract funding
   Every innovator and entrepreneur has a dream that they can pull in an opportunity where they can pitch their ideas and attract financial investment as much as possible. Any startup company with a good idea and powerful business model can very easily get good funding. 
7. Machine learning startups get more attraction
   Artificial intelligence is one of the disruptive technologies available in the market. Right from online filtering to facilitating workplace and home, AI has become a rage in the market, and everyone is inclined towards it. 
8. Technical co-founders are important for enterprise startups
   A venture capital fund that specializes in providing seed-stage funding to technology companies performs 230% better growth than any other tech startup company. Other companies perform 31% lesser than any other company without any technical co-founder. 
9. Bootstrapped startups exit much sooner
   On average, bootstrapped startups take around 3.68 years from start to exit compared to 4.33 years for any funded startup. Acquisition amounts are funded 60% higher than normal. The figures, however, suggest that founders leave money on the table with a few exceptions. 
10. Most startups fail
    For a startup to run, it requires a clear and logical strategic plan with a proper story behind it. The startups that become successful have become such with mastery of building a viable business model, sufficient research, an organized team, and effectively mobilized capital that has to be put into the business. Any startup business should make sure that its model is profitable and scalable to ensure the business’s future.

Have you read?
Beyond the Hustle: Why Restful Sleep is a Strategic Asset in Business.
CEOs Of The Top Footwear Companies You Should Know.
The AI Bubble Is Here.
Meet People Where They Are.
Expertise and Knowledge: Access to Industry Leaders and Subject Matter Experts by Hiring a Speaker.