“A startup is an organization formed to search for a repeatable and scalable business model ” — Steve Blank . Published in French https://www.thenextfrench.com/ The two key concepts that define startups are “ ” and “ ”. Repeatable means that the solution is applicable for different types of sectors and customers. The factor means that it can adapt to larger scales. repeatable scalable scalable For example, The Facebook was a social network for the university campus. Then, it spread to all American universities. The model was replicable from one university to another. Mark Zuckerberg made the network grow step by step because the model was scalable. The network, now , has grown beyond students and has grown in almost every country. Facebook The business model defines the nine following elements: Key Partners Key Activities Key Resources Value Propositions Relationships Channels Customers Segments Cost Structure Revenue Streams Therefore, a startups is a company organized to grow . It is a t_emporary state_ during which the company builds its . quickly business model What is the startup life cycle ? Idea Thinking Associate Market Research MVP Fail MVP 2 Love Money Users acquisition Staff Seed Traction Everything is fine Everything is wrong Pivot High Traction Funding rounds Growth Scaling Exit … new idea !
