Startup growth typically occurs in several stages:
1. Seed Stage: This is the initial phase where the idea is conceptualized, and the first version of the product or service is developed. Funding usually comes from personal savings, friends, and family.
2. Early Stage: At this stage, the startup has a minimum viable product (MVP) and begins to attract early customers. The focus is on refining the product and achieving product-market fit.
3. Growth Stage: The startup experiences rapid growth in terms of customer base and revenue. The business may seek venture capital funding to scale operations.
4. Expansion Stage: The company diversifies its product line and enters new markets. Strategic partnerships and acquisitions may also occur during this stage.
5. Maturity Stage: The startup has become an established company with stable revenue streams and a significant market presence.