Oct 6, 2016 | manojranaweera |
5 stages of a tech startup 1. Setting Up (Problem/Solution fit) Status Company setup Team Product development team in place Product Product live Product function as intended Funding: Self or seed funded Metrics 10,000 users Revenue generation commenced 2. Getting it Right (Product/Mar‐ ket Fit) Status Product meets market need prospects trial and upgrade to paid Growing traction Team Product, S&M and Delivery Teams in place Product Product established Sector penetration Funding: Self or Series A funded Metrics $1 m in revenues 3. Growth Level I (Geographical/Market Expansion) Status Top 5 in markets active Team Top Senior Management Team in place Product Product frequently covered in press Partner network setup Funding: Well capitalised Metrics $10 m in revenues 4. Growth Level II (Acquisitions) Status Top 3 in key markets Team Teams established in key geographies Product Significant brand recognition Partner networks well established Funding: Smaller Acquisitions Metrics $100 million in revenues 5. Growth Level III (Dominance) Status Market Leader Team Mature teams in every geography Product Immediate brand recognition Funding: Significant M&A Activities Metrics $1 bn in revenues Developed by Manoj Ranaweera, CEO - edocr.com Use and amend as you see fit Comments and improvements much appreciated edocr 5 Stages.mmap - 02/06/2012 - Manoj Ranaweera
edocr 5 Stages.pdf
Founder of UnifiedVU and Venture 9. Previously Founder and CEO of edocr.com
Help companies with digital and business transformation via process optimisation and system design, especially in the areas of bringing everything together for increased productivity and revenue growth.