Master Data Startup Stages - mymagic/open_hub GitHub Wiki

Different Startup Stages

Every ecosystem developer has their own version of startup stages. Here are two examples:

Startup Stages by MaGIC

Use in Malaysia. Refer to http://bit.ly/magic-startup-stages

Startup Development Phases by StartupCommons

Use in Europe. Refer to https://www.startupcommons.org/startup-development-phases.html

List of recommended Startup Stages

1. Discover - At Discovery Stage, you learn about ideating your startup. You mostly spent time educating about startup and attending related events.
2. Validate - At Validation Stage, you learn about Minimum Viable Product & Prototype. You also learn about early customers & iteration.
3. Product Development - At Product Development Stage, you works on developing the product and acquiring early user.
4. Efficiency - At Efficiency Stage, you would achieve Product / Market Fit and monetization. You focus on product marketing and user acquisition.
5. Growth - At Growth Stage, you are expanding your market or introducing new product lines. You also focus in achieving exponential user growth.
6. Mature - At Mature Stage, you achieve significant revenue and scale to global markets. You also plan for exit strategy and future growth.