How Do Scalable Startups Differ from Other Types of Startups?
Scalable startups differ from other types of startups in several key ways:
1. Growth Potential: Scalable startups are designed for rapid growth. They often target large, global markets and aim to achieve a significant market share quickly. 2. Business Model: These startups usually have a business model that allows for scaling without a corresponding large increase in costs. For instance, a software-as-a-service (SaaS) company can add users with minimal additional expense. 3. Funding: Scalable startups often rely on external funding sources like venture capital, angel investors, or crowdfunding to fuel their growth. 4. Exit Strategy: Founders of scalable startups often plan for an exit strategy such as an initial public offering (IPO) or acquisition by a larger company.