Early Stage
Understanding the Early Stage
The early stage refers to the initial phase of a startup’s development, where the focus is on product development, market research, and validating the business model. During this stage, startups often seek seed funding or angel investments to support initial activities. The goal is to build a minimum viable product (MVP) and establish product-market fit.
Key Activities in the Early Stage
- Product Development: Building an MVP to test the business concept.
- Market Research: Identifying target customers and understanding their needs.
- Fundraising: Securing initial funding to support development and growth.