What Are the Key Challenges Faced by Technology Startups?
Technology startups encounter a range of challenges, including market validation, product development, and scalability. Market validation involves ensuring that there is a demand for the product or service, which can be particularly challenging for innovative technologies that lack a proven market. Product development involves not just the technical creation of the product but also its refinement based on customer feedback. Scalability is the ability to grow the business rapidly without a proportional increase in costs, which is often essential for attracting investment and achieving long-term success.