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The fundamental objective and aim of seed investment is to assist a company in launching its operations successfully. It is necessary to cover the early stages of productdevelopment, thorough market research, and other processes during the initial step. After that, the money is used to maintain the company’s expansion.
what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “productdevelopment” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing.
Compressing the ProductDevelopment Cycle. In the past, the time to build a first product release was measured in months or even years as startups executed the founder’s vision of what customers wanted. The emergence of incubators and super angels have dramatically expanded the sources of seedcapital.
When the product and channel are bits, adoption by 10’s and 100’s of millions and even billions of users can happen in years versus decades. The second thing that’s changed is that we’re now Compressing the ProductDevelopment Cycle. This might mean competing with and if necessary killing your own products.
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