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It's important to know that Silicon Valley startups were able to grow their business by raising multiple rounds of venture capital, and those are the stories we mostly hear about.
"The problem we often see is that many small businesses try to follow the exponential-growth-VC-funded approach, simply because it's the stuff that we hear about, and we assume 'that's the way things work.' It's not. I like to draw a line here- between the blockbuster, unicorn- Silicon Valley-type of startup, and the smaller startup, the company that could become a $10-20 or even $50 million company. There are different rules for each one of them: from fundraising, type of investors, recruiting team, and co-founders... Terminology is confusing here. They are both startups. They are both small businesses, at some point. This video is about the main differences between starting a small business vs. starting a startup."If you want to see more content like this video, click here to subscribe to the Slidebean channel.