Which Factors Determine the Success Or Failure of Startup Companies? A Startup Ecosystem Analysis of Hungary, Germany and the US PDF Download
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Author: Christoph Kotsch
Publisher: Anchor Academic Publishing
ISBN: 396067175X
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
As more and more startup companies are founded every year worldwide, building up one’s own business does not get easier. Since 9 out of 10 startups fail, future entrepreneurs are well advised to take a look at potential reasons for failure and success. Learning from others’ mistakes and studying success stories can improve their own performance and help to avoid critical errors. The academic paper at hand will provide valuable insights for entrepreneurs. It not only states the most important terms concerning startups but also lists the most important factors for a startup company’s success, according to literature review. Delineating both internal and external factors, this thesis not only delivers a synoptic view of potential challenges inside a startup as well as in its ecosystem, but also juxtaposes these influences in opposition. The second part of this paper analyzes a series of interviews with twelve startup founders from three different regions (the province of North-Rhine Westphalia in Germany, Budapest in Hungary and the state of California in the US). Their views and experiences will be summarized and put into the context of their respective startup ecosystem.
Author: Christoph Kotsch
Publisher: Anchor Academic Publishing
ISBN: 396067175X
Category : Business & Economics
Languages : en
Pages : 203
Get Book
Book Description
As more and more startup companies are founded every year worldwide, building up one’s own business does not get easier. Since 9 out of 10 startups fail, future entrepreneurs are well advised to take a look at potential reasons for failure and success. Learning from others’ mistakes and studying success stories can improve their own performance and help to avoid critical errors. The academic paper at hand will provide valuable insights for entrepreneurs. It not only states the most important terms concerning startups but also lists the most important factors for a startup company’s success, according to literature review. Delineating both internal and external factors, this thesis not only delivers a synoptic view of potential challenges inside a startup as well as in its ecosystem, but also juxtaposes these influences in opposition. The second part of this paper analyzes a series of interviews with twelve startup founders from three different regions (the province of North-Rhine Westphalia in Germany, Budapest in Hungary and the state of California in the US). Their views and experiences will be summarized and put into the context of their respective startup ecosystem.
Author: Abdulrahman Obaid AI-Youbi
Publisher: Springer Nature
ISBN: 3030788938
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
This open access book aims to present the experiences and visions of several world university leaders, providing strategies and methods used to find various income sources for their institutions. The expansion of a university system requires a corresponding increase in funding. Consequently, university administrators all over the world are in a constant search for additional funds. If higher-level institutions are expected to deliver high-quality education and research, their sustainable funding is crucial to the development of the countries they serve. While governmental sources are a major part of the funding of most universities, economic downturns as in the case of the COVID-19 crisis may reduce governmental contributions in this and cause administrators to look for various alternative sources to help them compete in a global setting. This book offers valuable information and guidance to university leaders and administrators worldwide especially at a time when university budgets are under stress due to the COVID-19 pandemic with its dire financial and economic consequences.
Author: Nikras Agha
Publisher:
ISBN: 9783668418257
Category :
Languages : en
Pages : 124
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Book Description
Master's Thesis from the year 2014 in the subject Engineering - Industrial Engineering and Management, grade: 1.0, Technical University of Berlin, language: English, abstract: This thesis develops a six-step success factor model for IT-startups. It is based on an empirical analysis (Grounded Theory Method) of North American Startups. Further it provides an investment-decision model used by Venture Capitalists and Business Angels while deciding which Startup to fund. Every day an increasing number of business ventures (startups) are founded all over the world, especially in North America. Particularly the number of internet-based startups (e-business startups) with the endless possibilities of the online world is increasing continuously. However, most of these startups fail, while only a minority is able to survive and actually be successful. The research objective of this thesis is to identify and understand the factors that make an e-business startup successful. As a result, a six-step success factor model was generated that consists of the following six categories: preparation, entrepreneur/team, product/idea, financing, targeting and execution as well as one additional category, the external factors. Each of the categories consists of several specific success factors, such as team structure, network or scalability. Furthermore, the venture financing as an integral part of the six-step model was analyzed in detail and the decision-making criteria of venture capitalists were identified. The three decision-making categories for venture capitalists are the team, the product as well as the market along with the strategy. Each of these categories consists both, knock-out criteria (must-requirements, such as problem-solving product) and more detailed criteria (such as team experience or exit-strategy). Given that non-quantifiable factors can also contribute significantly to the success of a business, it is important to consider factors such as the challenges, succ
Author: Omar Mohout
Publisher: Die Keure Publishing
ISBN: 287403469X
Category : Business & Economics
Languages : en
Pages : 148
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Book Description
"Learn from the mistakes of others. You can never live long enough to make them all yourself" Startup ideas inspire hundreds of thousands of entrepreneurs all over the world. On the flip side, the majority of entrepreneurial ventures fail. Have you ever wondered what the catalyst for such failure is? Startup failures are complex. Most of them are not caused by stupid or simple mistakes. So, be careful when you conclude: Startup X failed because of Y. Therefore I should avoid doing Y in my own startup. It is not that simple. Startups fail because of a combination of factors and causes, some of which are almost impossible to put a finger on. This book is aimed at identifying reasons that can lead even great ideas to complete failure. It also presents how you can make your way around them, earning everlasting growth and prosperity. ABOUT THE AUTHORS Omar Mohout is a Growth Engineer. He is an expert in building repeatable, scalable customer acquisition engines for born-on-the-web companies. Omar is an entrepreneur that turned startup advisor & mentor. Après un doctorat en informatique, Carine Lucas a travaillé plusieurs années comme consultante sur des projets d'innovation. Chez Agoria, elle conseille les entreprises sur leur stratégie digitale et leur business models.
Author: Peter S. Cohan
Publisher: Apress
ISBN: 148423393X
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
This book offers a comprehensive model for explaining the success and failure of cities in nurturing startups, presents detailed case studies of how participants in that model help or hinder startup activity, and shows how to apply these lessons to boost local startup activity. Startup Cities explains the factors that determine local startup success based on a detailed comparison of regional startup cities—pairing the most successful and less successful cities within regions along with insights and implications from case studies of each of the model’s elements. The book compares local city pairs, highlighting factors that distinguish successful from less successful cities and presents implications for stakeholders that arise from these principles. Peter Cohan is a lecturer of Strategy at Babson College and one of the world’s leading authorities on regional startup ecosystems. Starting in 2012, he created and led Startup Strategy courses that explore four regional startup ecosystems—Hong Kong/Singapore, Israel, Paris, and Spain/Portugal. These courses are based on an original framework for evaluating why a few cities host most startup creation and the rest fail to do so. In running these courses, Peter has built a network of local policymakers, investors, entrepreneurs, and professors from which he draws practical insights for what distinguishes successful Startup Commons from their peers. The book provides vital benefits to these stakeholders. What You’ll Learn Local policymakers will know how to build a local team to set objectives for their local Startup Commons and develop a comprehensive strategy to realize those goals Entrepreneurs will know how to choose where to locate their startups based on factors such as the supply and quality of talent—from chief marketing and technology officers to coders and sales people; quality of life, access to capital, customers, and mentors; and costs such as salary and real estate expense University administrators and faculty will know how to take research out of their labs and house it in companies that can commercialize that research, create academic programs that will encourage more entrepreneurship among their students, and connect with local policymakers and capital providers to spur local startup activity Capital providers will know how to scout out emerging startup cities where they can get access to the best investment opportunities at more favorable valuations and have greater influence on how the local startup scene evolves Who This Book Is For All key startup stakeholders, including local policymakers (mayors, directors of economic development, treasurers, controllers, presidents of regional chamber of commerce), entrepreneurs (CEOs, chief marketing officers, chief financial officers, chief HR officers, chief technology officers), universities (presidents; deans of faculty; provosts; professors of finance, management, and entrepreneurship; directors of international education), and capital providers (venture capital partners and associates, angel investors, bank loan officers, managers of accelerator operations)
Author: Veneta Andonova
Publisher: Springer
ISBN: 3319982192
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
This book sheds light on one of the biggest development issues of our time: how the rise of entrepreneurship and the associated mindset is likely to unfold in unexpected places and change socio-economic and political fortunes. Focusing on the Balkan Peninsula, the authors explore the early success of young entrepreneurial ecosystems in the region and highlight the dangers of direct comparison with more mature entrepreneurial centres. Offering fresh insights, this brand new book presents an analytical overview of the entrepreneurial domain that enabled Bulgaria to become the start-up capital of the Balkans. With empirical data gathered from over 80 interviews and case studies, the authors address the needs of decision-makers and managers in many countries which are on the path towards nurturing entrepreneurial ecosystems.
Author: Max Finger
Publisher: Springer Science & Business Media
ISBN: 3663092526
Category : Business & Economics
Languages : en
Pages : 183
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Book Description
Der wirtschaftliche Einfluß schnell wachsender Unternehmensneugründungen wächst zunehmend. Das Know-how erfolgreicher Unternehmensgründer wird somit zum Schlüsselfaktor des Unternehmenserfolgs. Dieses Buch bietet einen anwendungsorientierten Leitfaden für die erfolgreiche Gründung eines eigenen Unternehmens. Es basiert auf einer erstmals durchgeführten Interviewstudie mit Firmengründern und Aufsichtsratsvorsitzenden (Chief Executive Officers; CEOs) der erfolgreichsten High-Tech-Start-ups in Silicon Valley und Massachusetts sowie mit Risikokapitalgebern, Investmentbankern, Rechtsanwälten und Technikern. (The economic impact of high-growth startups is steadily increasing. Against this background knowledge regarding new venture creation is one of the key factors for success. This book presents hands-on lessons for starting, building and growing a successful company. The research is based on more than one hundred interviews with the founders and chief executive officers of America ́s most successful high-tech start-ups in Silicon Valley and Massachusetts as well as venture capitalists, investment bankers, lawyers and technologists involved.)
Author: Jeff Scheinrock
Publisher: John Wiley & Sons
ISBN: 1118548264
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
An inspiring and impactful compilation of the most important lessons of entrepreneurship The tools of a digital age make it easier than ever to start a new business. And with billion-dollar IPOs and acquisitions making weekly headlines, the potential rewards are enormous. But even with all of the advantages and resources that today's entrepreneurs have access to, the likelihood of any one business succeeding is slim. That's why you need the simple, clear lessons found in The Agile Startup. Engaging and informative, The Agile Startup doesn't offer step-by-step instructions on how to build a better mousetrap. Instead, it shows you how to build companies that continually adapt to the "real" world. Along the way, you'll discover you're not alone in your entrepreneurial endeavors, and that almost every challenge a startup can face has already been faced, and overcome, by someone in the past. Contains lessons culled from decades of creating successful companies, which includes possessing a flexible mindset Provides valuable insights, based on a market-driven philosophy, regarding launching and managing products, businesses, and brands Written by two authors who have a combined sixty-plus years of startup experience and understand the reasons behind their successes and failures A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book The journey of a startup is daunting. Think about everything that has to be overcome and you'll quickly see that the odds are stacked heavily against you. But with The Agile Startup as your guide, you'll learn exactly what it takes to succeed in your entrepreneurial endeavors.
Author: Rakesh SIDANA
Publisher: RakeshSidana.Org
ISBN: 1660971349
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
India has 38815 startups and there are secrets that 100 startups become unicorns with a total valuation of $240 billion. There are many real situations and decisions that make any startup become successful and get interest from many Investors and become funded. This book is a collection of commonly asked Questions asked by Startups and Entrepreneurs. 90% of startups fail. Have you ever wonder why startup get fails? Do you want to get answers to all those common questions which come into your mind? It will be more useful if you get answers from senior entrepreneur like Rakesh Sidana who gone through all start-up life with his two startups. The questions are regarding funding, investors, startups and entrepreneurs failure and success and many more. Have you ever wonder why startup get fails? Do you want to get answers to all those common questions which come into you mind? It will be more useful if you get answers from senior entrepreneur like Rakesh Sidana who gone through all start-up life. He built two start-ups, one funded twice. He himself gone through same journey to find the answers himself like finding co-founder, team mate and raising funding and hiring and pivoting business model and merger, acquisition.Learn from his entrepreneurial journey building from scratch to raise funds and exit. He explained his real startup experiences in this book. He is mentor and investor into startups and visit top management institutions with his passion to inspire students and who wants to be entrepreneurs. TABLE OF CONTENT What do most startup founders waste their time doing? I have a Startup Idea, how do I proceed? Which is better to do? Either do a job or start up a business with Same Knowledge? Why do 95% of businesses fail within five years? What are the correct things you did for your startup that made your startup successful? What do you want to be? A Businessman or An Entrepreneur. What’s the difference? What situations should a person be ready to face while starting a startup? What are the best ways to generate good business Ideas? 9..10..11.... 20 ... more common questions replied by the author. Read eBOOK Now! ABOUT THE AUTHOR Rakesh Sidana is an entrepreneur, mentor and author of three books. He started his entrepreneurial journey in 2004 with International Business and later known for his passion and persistence for his unique Indian business - MeriCAR - that brought “CHANGE” in the automotive industry. MeriCAR was first of its kind business to bring SMALL CAR GARAGES and MECHANICS on one platform. This venture brought him in the front for his popularity in the media to discuss the change that is going to happen in India in the automotive aftermarket sector. He has been on the advisory board for startups and mentor for entrepreneurs. He has been invited and awarded by prestigious institutions like IIM, NIT as Guest Speaker to inspire students with his achievements. He was invited and a part of PM's initiative "Startup India, Standup India". HIS EVENTS ACROSS INDIA He organizes free campaign all over India by the name of "Startup Never Fails". It was One-Hour-Session which he conducted in major cities like Bangalore, Mumbai and Guwahati and spread awareness about reasons and common mistakes of failures startups before writing book “Startup Never Fails” which is a collection of all questions and answers asked by entrepreneurs in his sessions and Fb-Live. HIS BOOKS AND ONLINE COURSES He is an author of a book "I want to Fly, where are my Wings" for startups and writes book on recent trends based on his experiences. His second book “Where #Share is like Love” is on Social Media. He is passionate about writing on behavior science. First book is motivational book for entrepreneurs with real facts about their life. To share his knowledge and experiences, he has online courses on (Udemy) on new technologies and business ideas. He actively participate building and enegaging startup communities of over 1 lac members. CAMPAIGNS & SOCIAL WORK He is also building Non-Profit group by the name of "I Want to Fly Foundation" for education of unprivileged kids and offers startups with professionally designed mentorship programs and BELONGINGNESS & PAST Migrated from small town to Delhi for Management course, he started his career in 1997 as internet executive. Internet was a new term for India at that time and his articles on Internet and web technologies were published in leading magazines and newspaper like The Times of India.
Author: Brad Feld
Publisher: John Wiley & Sons
ISBN: 1119613620
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
The Way Forward for Entrepreneurship Around the World We are in the midst of a startup revolution. The growth and proliferation of innovation-driven startup activity is profound, unprecedented, and global in scope. Today, it is understood that communities of support and knowledge-sharing go along with other resources. The importance of collaboration and a long-term commitment has gained wider acceptance. These principles are adopted in many startup communities throughout the world. And yet, much more work is needed. Startup activity is highly concentrated in large cities. Governments and other actors such as large corporations and universities are not collaborating with each other nor with entrepreneurs as well as they could. Too often, these actors try to control activity or impose their view from the top-down, rather than supporting an environment that is led from the bottom-up. We continue to see a disconnect between an entrepreneurial mindset and that of many actors who wish to engage with and support entrepreneurship. There are structural reasons for this, but we can overcome many of these obstacles with appropriate focus and sustained practice. No one tells this story better than Brad Feld and Ian Hathaway. The Startup Community Way: Evolving an Entrepreneurial Ecosystem explores what makes startup communities thrive and how to improve collaboration in these rapidly evolving, complex environments. The Startup Community Way is an explanatory guide for startup communities. Rooted in the theory of complex systems, this book establishes the systemic properties of entrepreneurial ecosystems and explains why their complex nature leads people to make predictable mistakes. As complex systems, value creation occurs in startup communities primarily through the interaction of the "parts" - the people, organizations, resources, and conditions involved - not the parts themselves. This continual process of bottom-up interactions unfolds naturally, producing value in novel and unexpected ways. Through these complex, emergent processes, the whole becomes greater and substantially different than what the parts alone could produce. Because of this, participants must take a fundamentally different approach than is common in much of our civic and professional lives. Participants must take a whole-system view, rather than simply trying to optimize their individual part. They must prioritize experimentation and learning over planning and execution. Complex systems are uncertain and unpredictable. They cannot be controlled, only guided and influenced. Each startup community is unique. Replication is enticing but impossible. The race to become "The Next Silicon Valley" is futile - even Silicon Valley couldn't recreate itself. This book: Offers practical advice for entrepreneurs, community builders, government officials, and other stakeholders who want to harness the power of entrepreneurship in their city Describes the core components of startup communities and entrepreneurial ecosystems, as well as an explanation of the differences between these two related, but distinct concepts Advances a new framework for effective startup community building based on the theory of complex systems and insights from systems thinking Includes contributions from leading entrepreneurial voices Is a must-have resource for entrepreneurs, venture capitalists, executives, business and community leaders, economic development authorities, policymakers, university officials, and anyone wishing to understand how startup communities work anywhere in the world
