The key to startup success is to create a product so good that customers will naturally promote it to others.
Successful products are easily explainable and enter markets poised for exponential growth.
Startups need at least one committed founder who can passionately pitch the product, recruit a team, and raise funds.
A startup needs a compelling vision that grows more ambitious over time and a confident leadership that can navigate through skepticism.
Besides having smart, hardworking, and communicative individuals, there are subtle yet important traits needed for a strong startup team.
Sustaining momentum is critical for the survival and growth of startups, necessitating constant movement and progress.
Startups should plan for a long-term competitive advantage and a sensible business model to ensure sustainable growth and profitability.
Startups often outperform big companies by rapidly adapting to market changes and capitalizing on new platform shifts.