Many founders have unrealistic expectations and misguided notions about how startups work.

Here’s a list of best practices to consider for launching a startup:

Don’t bank on the idea alone.

Startups need more than a great idea; they need execution.

Launch as soon as you can.

Delaying the launch means delaying customer interaction, which is the key driver in the early days.

Build momentum into the business.

Investors will look for momentum and traction to fund the deal.

Choose painkiller solutions over vitamin solutions.

Pick a problem that customers consider a painkiller, as it will be easier to sell.

Generate revenue and happy users.

This will give you momentum in the fundraising process.

Strive for product market fit.

This is a demand outstripping the supply.

Consider these points in launching your startup.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.
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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.