Startup Funding Espresso – High-Value Startups Do Things Other Startups Cannot
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High-Value Startups Do Things Other Startups Cannot
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In ideating a new startup, focus on things other startups cannot do.
High-value startups do things other startups cannot
This value comes from several sources as follows:
Technology edge.
The startup has technology that translates into higher revenue and/or lower cost of service.
Consider what new technologies can be applied to your business that other startups in the space are not using.
Network connections.
The startup has founders with connections in the industry that give it access that others do not have.
Consider what resources or customers the startup can leverage with their connections.
Business model innovation.
The startup has applied a new business model that generates more revenue than others.
Consider a new business model for the industry that is currently not being used.
Applying recurring revenue is one example of a business model that brings high value to the startup.
Consider these options in moving your startup into a high-value business.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let's go startup something today.
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