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