How To Recognize A Successful Startup?

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Here is another good illustration by Anna Vital that I want to share with you today. It’s about how to build a successful startup. Presumably, before performing a detailed analysis of your business, investors will tend to look at 3 basic criteria to assess if your project is worth pursuing:

  1. A good team: Working with the right people is key. Make sure you partner with people who complement your set of skills
  2. A good product: Will people buy the product you are selling? How does it distinguish itself from other products on the market?
  3. A market opportunity: Is there a need for the product you are selling? How will you make it noticeable?

So what do you think? Do you agree with the message in this picture? What would you add to make it more complete?

If you are in the process of starting a business or developing a product or service, read: My First Business Flop: Learn From My Mistakes In 10 Steps

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