6 Essential Stages of Startup Development

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Building a successful startup is a long journey, so you need to know the path you’re taking. Each stage of the startup lifecycle comes with many challenges that can either make or break a new business. Read our article to learn more about 6 essential stages of startup development.

Startup development stages – index:
Startup development stages
Pre-seed phase
Fase seed
Initial phase
Growth phase
Expansion phase
Exit phase
Summary
Startup development stages
The essence of every startup is to grow and reach the stage where you algeria whatsapp number database turn it into a public company, ready for global expansion. Unfortunately, 90% of startups don’t make it to the final stage of development , and 10% of them don’t even make it to the first or second stage.

The most common reason startups fail is misunderstanding market demand (42%), followed by lack of funding (29%). Those projects that manage to survive go through six stages of development. Facebook, Airbnb, Twitter, LinkedIn or Uber are examples of successful companies. What are the 6 essential stages of startup development?

Pre-seed phase
It all starts with the pre-seed phase, also known as the idea phase. At this point, you analyze the market, find a niche in which you want to develop your product, and shape your idea. This is also when you should ask yourself a few questions:

Is my solution a real answer to the problem at hand?
How can my solution impact the market?
Is it similar to other solutions already on the market?
In the pre-seed phase, you define your company's vision and mission, establish critical milestones, develop an action plan to achieve your business goals , and focus on your customers' real needs.

startup development stages
Fase seed
In the seed phase, your business becomes more organized and you usually have a team of experts on board . One of your main goals is to validate your initial business idea. Your task now is to develop an initial prototype of the product so that you can present it to potential investors and determine the interests of users. It doesn’t have to be as functional and viable as an MVP (Minimum Viable Product) yet. You are still developing and testing it to determine its viability.

Bootstrapping is an incredibly popular method of funding a new business in the seed phase of its development.
In short, this means using your personal resources to scale your startup. However, you can also consider raising funds from angel investors, crowdfunding, and grants.
Initial phase
Now, you have a cool business with a basic organizational structure . At this point, you’re still refining your MVPs and conducting ongoing market research.

Since you probably ran out of money while bootstrapping , it’s time to opt for external funding to get your business up and running. Therefore, you should create a detailed business plan and try to identify investors who would be willing to provide you with funds. This is an ideal opportunity that allows startups to scale across multiple markets.