Post No. 5: Startups.
"Startups has several definitions and come in all forms and sizes. The critical tasks are to build a co-founder team to secure key skills, know-how, financial resources, and other elements to conduct research on the target market. Typically, a startup will begin by building a first minimum viable product (MVP), a prototype, to validate, assess and develop the new ideas or business concepts. In addition, startups founders do research to deepen their understanding of the ideas, technologies or business concepts and their commercial potential. A Shareholders’ agreement(SHA is often agreed early on to confirm the commitment, ownership and contributions of the founders and investors and to deal with the intellectual properties and assets thay may be generated by the startup. Business models for startups are generally found via “bottom-up” or “top down” approach. A company may cease to be startup as it passes various milestones, such as becoming publicly traded on the stock market in an Initial Public Offering (IPO), or ceasing to exist as an independent entity via a merger or acquisition.
Startup is an entrepreneurial venture which is typically a new emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. A startup is usually a company designed to effectively develop and validate a scalable business model. Startups have high rates of failure, but the minority of successes includes companies that have become large and influential”. (Wikipedia)

 Startups should use the Scientific Method to create, test and develop
“The Lean Startup is a set of practices for helping entrepreneurs increase their odds of building a successful startup. To set the record straight, it’s important to define what a startup is:

 “A startup is a human institution designed to create a new product or service under conditions of extreme uncertainty.” (The Lean Startup by Eric Ries)

 We need the scientific method to test, experiment to verify if a product can be built. Several authors as Eric Ries, Steve Blank and others use it to test everything a Startup needs to grow. I have include some videos that will help us to deep into this concept:

E-commerce startup citiesocial raises $2.75M led by Alibaba’s fund for Taiwanese entrepreneurs. Related article.
https://techcrunch.com/2018/01/08/e-commerce-startup-citiesocial-raises-2-75m-led-by-alibabas-fund-for-taiwanese-entrepreneurs/

Techcrunch. Startups:
https://techcrunch.com/startups/

500 Startups is more than just a name:
https://500.co/startups/

Startup TV Show. What does it take to follow your dreams:
http://startup-usa.com/

The Lean Startup. How today’s entrepreneurs use continuous innovation to create radically successful businesses. Eric Ries:
http://library.globalchalet.net/Authors/Startup%20Collection/%5BRies,%202011%5D%20The%20Lean%20Startup.pdf

The Lean Startup-Ch01. Time: 36:02:
https://www.youtube.com/watch?v=TYz2Klwad1k

Steve Blank Startup Tools:
https://steveblank.com/tools-and-blogs-for-entrepreneurs/

The Scientific Method for Startups by Michael Seibel:
https://blog.ycombinator.com/the-scientific-method-for-startups/

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