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Image 2/16 for "Startups in Japan"

Fri 2008/03/14 03:20 JST 318709 Views

The typical startup

I talk about the reasons why I set up Mirai Inc in this article but today I thought this would be a good opportunity to talk a bit about how the company has progressed nearly a year after startup.

*Most* startups follow the same pattern:-

  • 1. A need is identified and a company/site is created to fulfill that need by creating a service or product. The end goal is to gain value by fulfilling that need and then sell the company.
  • 2. Venture capital is acquired from investors.
  • 3. Capital is used to hire staff (engineers/marketing/product managers etc). Capital is also used to buy/rent office, furniture and equipment needed for daily operations.
  • 4. Company either sinks or swims - if it sinks, the owners will probably try to sell it off.
  • 5. Company is swimming rather well and is acquiring value regardless of whether its making money. A web company can be valued at the amount of registered users it has for example.
  • 6. Company is valued at 10 million dollars - the owner sells.
  • [li] 7. Repeat steps 1 through 6.

[/li]

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