r/startups wants to hear what you’re working on!
Tell us about your startup in a comment within this submission. Follow this template:
Startup Name / URL
Location of Your Headquarters
Elevator Pitch/Explainer Video
More details:
What goals are you trying to reach this month?
How could r/startups help?
Do NOT solicit funds publicly–this may be illegal for you to do so
Discount for r/startup subscribers?
————————————————–
Join our discord for instant chat, advice, and emotional support!
————————————————–
Startup Life Cycle Stages (Max Marmer life cycle model for startups as used by Startup Genome and Kauffman Foundation)
Discovery
Researching the market, the competitors, and the potential users
Designing the first iteration of the user experience
Working towards problem/solution fit (Market Validation)
Building MVP
Validation
Achieved problem/solution fit (Market Validation)
MVP launched
Conducting Product Validation
Revising/refining user experience based on results of Product Validation tests
Refining Product through new Versions (Ver.1+)
Working towards product/market fit
Efficiency
Achieved product/market fit
Preparing to begin scaling process
Optimizing the user experience to handle aggressive user growth at scale
Optimizing the performance of the product to handle aggressive user growth at scale
Optimizing the operational workflows and systems in preparation of scaling
Conducting validation tests of scaling strategies
Scaling
Achieved validation of scaling strategies
Achieved an acceptable level of optimization of the operational systems
Actively pushing forward with aggressive growth
Conducting validation tests to achieve a repeatable sales process at scale
Profit Maximization
Successfully scaled the business and can now be considered an established company
Expanding production and operations in order to increase revenue
Optimizing systems to maximize profits
Renewal
Has achieved near peak profits
Has achieved near peak optimization of systems
Actively seeking to reinvent the company and core products to stay innovative
Actively seeking to acquire other companies and technologies to expand market share and relevancy
Actively exploring horizontal and vertical expansion to increase prevent the decline of the company
If you are running a traditional business that is not designed to scale rapidly, feel free to reference a traditional business life cycle model and share what traditional business life cycle stage you are at.
