The Startup Velocity Question: Is it Technology?

At the heart of most tech companies is, of course, technology. Today, the market is particularly frothy around Artificial Intelligence. AI is a technology that is notorious for not working as envisioned.

If a company gets to raise Series A funding, chances are the technology works. However, at the seed stages, this assumption is not necessarily true.

Investors bet on a product hypothesis.

The actual product is yet to be built.

Often, the technology fails.

In other kinds of fat startups, the bet is often on the team. Large checks get written with the plan to build ambitious products.

If the team fails to deliver on the technology side, it is not an easy fix.

Generally, such companies end up failing altogether.

Key Takeaways:

• Technology failures at the seed stage are not uncommon, as investors often bet on product hypotheses.
• Failing to deliver on the technology side can be a critical issue, especially for heavily funded startups.
• Technology failures are difficult to fix and often lead to company failure.
• A potential salvage strategy is to pivot to services work related to your core competency.

My Question to You:

Is Technology hindering YOUR startup velocity?

If you think you need help, consider 1-on-1 Private Consulting with me. I will diagnose and create a path forward in an hour.

Photo Credit: LittleVisuals from Pixabay

This segment is a part in the series : The Startup Velocity Question