The lifecycle of a startup can be broken down into several stages:
Ideation: This is the initial phase where the idea is conceived. Validation: In this stage, the concept is tested in the market to gauge its viability. Early Traction: Here, the startup begins to gain initial customers and develop its business model. Scaling: Once a startup has a viable product and market fit, it focuses on scaling operations. Exit: This could involve an IPO, merger, or acquisition.