the three phases of developing a startup company
Post on 12-Aug-2015
54 Views
Preview:
TRANSCRIPT
Phase 1
Phase 1 is the idea phase. It involves thinking about a new concept that involves a new, easier, and innovative way of
doing things.
Phase 1
They describe this phase as staying in the garage until 4am in the morning with
friends. They have a a lot of fun with large amounts of stress. There are typically a few people in stage one. There is little
structure or process, and a lot of caffeine and gut feelings.
Phase 1
There is no need for financing or charts in Phase 1; the people who make it past this phase just find a way to get it done and move on to
Phase 2.
Phase 2
Phase 2 is the building phase. This is the phase where the team builds their
budget, process, and organization. The team might even have to rebuild
itself.
Phase 2 If people from Phase 1 are not interested in structure or organizing a real company, then they have to go. This is
when the real organization needs to begin. This is the phase where the founders are taking the idea and turning it into a real company. Phase 2 is when the
founders have to grow up and finally start their own company.
Phase 3
Phase 3 is the optimization phase. This is the phase when the company is optimizing their budgets, organization, and
process.
Phase 3They are finding the best way to make their
product work at the lowest cost. This is when the company is thinking in terms of “the long term.” The company is adding a finance team and an
HR team as well as integrating sales and marketing. The founders are consistently
thinking about scaling different aspects of the company. Debt needs to be paid back and the
product needs to fit to scale.
top related