Many budding entrepreneurs think that a successful tech startup is all dependent on a great idea. That may be true, but the idea is only the beginning. Think of it like the path to winning the World Series. You will go through a long rigorous journey getting there. There will be ascending levels of success and most will not make it there. A great idea is important, but it’s just playing tee-ball in the context of creating a hugely successful startup. When you begin to frame the hard work and execution that will be needed to get to a successful exit or an IPO with that of a Major League Baseball player, the arduous journey that awaits starts to make sense. Take a look at this illustration created by GreenPal. It will help you frame in your mind how challenging taking a tech startup from idea stages to successful outcome will be.
Many budding entrepreneurs think that a successful tech startup is all dependent on a great idea. That may be true, but the idea is only the beginning. Think of it like the path to winning the World Series. You will go through a long rigorous journey getting there. There will be ascending levels of success and most will not make it there. A great idea is important, but it’s just playing tee-ball in the context of creating a hugely successful startup. When you begin to frame the hard work and execution that will be needed to get to a successful exit or an IPO with that of a Major League Baseball player, the arduous journey that awaits starts to make sense. Take a look at this illustration created by GreenPal. It will help you frame in your mind how challenging taking a tech startup from idea stages to successful outcome will be.
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