9 Hidden Traits Of A Successful Startup


# Founders that learn are more successful

Startups with good and helpful advisers with them and learning from their thoughts are more likely to raise up to 7 times more money with chances of greater user growth too. Every founder faces trouble with the initial stages of the company so it is always better to follow the mentors and act upon their advice to make choices.

# Technical Prowess Is A Must

A startup would be incomplete without a technical team assisting them. A perfect team with good knowledge about the best firewalls and computer details is needed. Considering the internet phishing techniques used by the hackers, a technical department is one major factor for a startup.

# Pivot Is Good

Startups that depend on funds once or twice raise 2.5 times more money and have 3.6 times greater growth. They are 52 percent less likely for premature scaling than the other startups that raise funds twice or not at all. A pivot is a fixed course correction made to test a new thesis about the product, strategy, and the trigger of growth.

# Product-centric startups are tougher to push

Startups dealing with product centric markets face issues to manage it with their small teams. Companies with the large business teams have an edge over the startups with 6.2 percent more chances of showing successful sales compared to the startups.

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