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A startup’s lifecycle and its stages

Startup Lifecycle
What is the life cycle of a startup? This is a question you have to ask yourself if you’re going to create one. Knowing the life stages of a startup is essential to assess the difficulties you may encounter over time and invest your energies in achievable goals, thus avoiding a possible failure. Let’s see in detail what the life cycle of a startup is and how its phases are structured. Pre-seed startup
In the life cycle of a startup, the first stage is the pre-seed, that is, the moment when a business idea is conceived. During this phase, you need to consider whether your idea can work, whether there are market opportunities in which to apply it, and whether potential customers would be willing to pay for the product or service you want to offer it. The moment you have managed to validate the market, to start your startup you will most likely have to bootstrapping, that is, use your skills, your savings and ask to contribute to friends and family; This is because at first it will be almost impossible to find funders for a newborn project. Bootstrapping is a form of financing that will initially allow you to minimize costs to support your startup. If you want, you can also rely on business angels or a startup accelerator to get a small loan. Seed
After you have conceived your idea it will be time to create a business model, that is, “a descriptive model of how an organization generates revenue by providing products and/or services to its customers”, create a business plan, and develop an MVP (Minimum Viable Product), then, a minimum product to put on the market. During this phase of the life cycle of a startup there will be the first real funding and often come from business angels, crowdfunding or startup incubators (these funding are usually less than half a million euros). Early-stage startup
Once the pre-seed and seed phases are over, it will be up to the early stage. The main goal during this phase is to gain visibility and attack the market with the prototype of your product, thus increasing brand awareness. By gaining visibility you will be able to get feedback from the market and identify the right product-market fit. At this stage in the life cycle of a funding startup you can rely on venture capital. Growth
After the pre-seed, seed and early stage phases in the life cycle of a startup begins the growth phase (growth). During this phase your startup finally increases its turnover and begins to expand, thanks to the increase in the number of customers and sales. However, the growth phase can be divided into two micro-phases: early growth and sustained growth. Early growth
At this stage we are working on the business model, marketing plan and business strategy. The goal is to quickly acquire customers in order to expand both in the country of origin and internationally. In the early growth phase we find the investment rounds of Serie A and Serie B, necessary to deal with the increase in the number of customers. Series A: In this round, the funding is full-bodied and usually run by venture capital and private equity funds.
Serie B: in this round the funding is even higher than in the Serie A round. During Round B the goal is to improve the growth process and increase market share. Sustained growth
The sustained growth phase is aimed at achieving exponential customer growth with an added increase in revenue. At this stage of a startup’s life cycle we find the C Series investment rounds, where you will have to make low-risk financing. Exit, New10
If everything goes according to plan, you will arrive at the exit, that is, the time when investors exit the ownership of the startup and represents the last phase of the life cycle. The options for exiting are: STOCK market listing: The startup has been successful and can afford to make an IPO (Initial Public Offering) and list on the stock exchange. This will allow investors to divest their shares/shares;
acquisition: sale of the company to another company, usually a large competitor that decides to buy an innovative startup thus allowing investors to sell their shares and realize a capital gain;
buyback: the founder buys back the shares of the startup previously sold to investors;
secondary sale: the founder sells shares of the startup to third parties, but retains some;
Write-off: If the startup is close to bankruptcy, investors decide to withdraw from the investment. I hope this article has given you all the necessary information about how the life cycle of a startup is structured. For any doubt or question, or if you want us to make an article on a specific topic do not hesitate to contact us!

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New OnePlus 9RT: Specs, launch date, colors revealed

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

Shenzhen [China]: The OnePlus 9 RT’s launch date and specifications have been revealed by OnePlus ahead of its official announcement.

According to GSM Arena, the OnePlus 9 RT will go on sale in China on October 13, or next week.
Although the new OnePlus smartphone will be unveiled in China first, it is expected to make its way to India as well. In India, the OnePlus 9 RT has yet to be announced.

The Snapdragon 888 SoC will power the OnePlus 9 RT, which will be paired with LPDDR5 RAM and UFS 3.1 storage. It will have a 120Hz E4 screen and a 4,500mAh battery that will charge at 65W. The primary camera on the 9 RT will be 50 megapixels.

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

The phone maker also revealed that the 9 RT will be available in two colour options: black and grey, and that pre-orders will begin on October 13 in China, with the first sale on October 19.

We’re still four days away from the launch, so expect more information regarding the OnePlus 9 RT in the days leading up to it.

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Meaning of CEO, COO, CFO, CIO, CTO and CMO: Calling each executive by name

The adoption of business terms and technicalities from English-speaking organizations is increasingly widespread, and acronyms that describe executive positions are often favorites when used by those responsible for the areas of the company. The use of acronyms such as CEO, COO, CIO, CTO and CMO has become widespread, both in more traditional organizations such as startups and other technology-based companies.

But what is the meaning of these acronyms?

If we pay careful attention to its definition, we will see that the meaning of CEO and the rest of the management figures of companies are much simpler than you thought.

What is the CEO of a company?

The CEO of a company is the acronym corresponding to the acronym for Chief Executive Officer, which in Spain we usually know as CEO or Executive Director. He is the head of administrative management and direction in the company.

Who is the COO?

It comes from the Chief Operating Officer and can be translated as Director of Operations or Chief of Operations, responsible for the daily operations of the company such as production, logistics, etc.

What does CFO stand for in English?

CFO is the abbreviation for Ch IEF Financial Officer. In our business culture it corresponds to the Chief Financial Officer and his responsibility is the economic and financial planning of the company based on the objectives established by the board of directors, generally made up of those responsible for each area that we are analyzing in this post.

What is the CIO of a company?

It comes from the acronym for Chief Information Officer. Their role is attributed to the person responsible for the company’s information technology systems and usually falls into different professional profiles depending on the organization’s structure. Thus, the position of CIO may be the counterpart of the systems manager, although there is ambiguity in its implementation and it is often confused with the CTO, which we explain below.

What does the acronym CTO stand for?

It is the abbreviation of Chief Technology Officer and it is usual to give it the same treatment as the system manager in an erroneous way by many companies. The main difference is that while the CIO is responsible for the company’s information services at the process level and from the planning point of view, the CTO is the technical person in charge of the development and correct operation of the information systems from the point of view of execution.

What is a CMO in a company?

It corresponds to the acronym of Chief Marketing Officer and its translation in our business language is that of Marketing Director as the head of sales and product development, among other functions.

Its application in practice is different according to the structure of each organization, and there may be various combinations in the hierarchy of these executive positions. In general, the meaning of CEO of the company falls on the highest part of the organization and has as subordinates the executives responsible for each area, who report directly to this CEO to make his decisions. However, in other organizational models, the position of CEO held by its president as the visible image in communication and public relations of the company, delegating the highest decision-making authority to the COO.

The meaning of CEO extends

This definition nomenclature of executive positions in companies does not end here. Many of these terms did not exist a few years ago, and the increasing specialization of departments in large organizations gives rise to new positions, which after the meaning of CEO and the other positions that we have seen evolve into new figures such as the CSO (Chief Science Officer), CCO (Chief Commercial Officer), CLO (Chief Legal Officer) among many other definitions of executive positions.

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Coworking: Need or Opportunity?

Many times when it comes to undertaking we see that there are a great multitude of impediments that stop our initiative.

One of the most obvious, especially in times of crisis, is financing. That is why a work modality called coworking has proliferated in Spain for a few years. But what is coworking?

The foundation of coworking is to bring together professionals from different fields in the same space where they can develop their activity, which means significant cost savings. In other words, it’s like having roommates with whom you share expenses.

Surely, you have heard a friend talk about a coworking space, collaborative work, cost savings, … So far great, but the philosophy that underlies this type of work is even broader. The work tends to be increasingly multidisciplinary and many times, as entrepreneurs , we cannot cover the requests of a potential client.

We are going to put an example. Let’s imagine that we are a freelance professional specialized in Online Marketing and we have several accounts as a Community Manager.

As you are self-employed, but you are not motivated either by being in your pajamas all day locked at home listening to music, or worse, some gossip program that they give in the morning on TV – not to mention going to work in a library where the WIFI is slower than on your first Smartphone – you decide to try a coworking space where you have all the comforts for a small price and from which you can always “run away” if things don’t go well for you.

One fine day comes the opportunity to create a Social Media plan for a company. Within this Plan the creation of a corporate blog, the creation of videos,… to which you obviously answer: “no problem!” Is contemplated, since it is an opportunity that you cannot miss.

Once you dismiss the client, you sit in your chair and a cold sweat starts to run down your forehead thinking “now how do I do all this?”

From its programming, database creation, corporate identity creation … to the creation of promotional videos and a long etcetera.

Suddenly you raise your head like a meerkat in the African savannah and you see Nika, that nice girl who is a web designer and a little further on you see Alfon, that “compi” with whom you go out for beer on Fridays when you finish ” currar ”and it turns out that in addition to working as an illustrator, he has a hobby which is making videos, especially for his friends, and on top of that, it’s really good!

Et voilá! You already have a fully qualified team to carry out your project… and who knows if a future company. This idea is what underlies the coworking philosophy : Being able to create flexible collaborative environments that adapt to the needs of projects or clients.

Obviously, cooperative work has its advantages and disadvantages. Creating a multidisciplinary team for a project can be complicated, since managing the team is not an easy task when the participants do not share a mutual philosophy or common goals. Therefore, it is important to create a team that complements each other both on a human and professional level, and above all that wants to move the project forward.

From my own experience, if you want to develop your own project and do not have funding , it is better to make it very clear to the participants the delivery times and what their role in the team is. Otherwise, you will end up spending more time trying to coordinate people than working directly on your project.
“Luck is what happens when preparation and opportunity meet and merge.” Voltaire

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