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From idea to successful startup

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Month: June 2022

Startup Basics
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Startup Basics

Description: How to turn an idea into a working business in 30 days. Format: Online / Offline. Duration: 4 weeks. […]

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Derek Walker 2022-06-22

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Startups are often not profitable in the beginning

Many startups are not profitable in their first few years. Founders invest in product development, marketing and customer acquisition, which often leads to losses. For example, Amazon didn't start turning a profit until 7 years after its launch, despite successful growth and a large customer base.

Startups attract investment even at early stages

Unlike large companies, startups can raise significant funds at very early stages, sometimes even before their product or service reaches the market. Investors evaluate startups based on growth potential and idea, not on current revenues.

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