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Startups are not for the faint of heart

Establishing a startup requires fresh ways of thinking, adaptive skills, strong connections, and fierce determination. A little luck doesn’t hurt either, particularly when unpredictable circumstances — a global pandemic, for instance — can upend expectations despite millions in funding.

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Despite the inherent risk factor, successful startups routinely change everything about how we work, learn, shop, and travel, so it’s no wonder they attract only the boldest.

Today, the startup landscape is marked by ever-changing tech, tough headwinds, and no shortage of burning ideas. So what separates a fizzled launch from a stratospheric rise? Often it boils down to having the proper support to scale at just the right moment.

Our software development experts have been helping tech startups operate across an array of verticals and industries for decades, transforming promising companies into industry frontrunners  and building the solutions behind international growth. We’ve seen enough to know that running a startup can be challenging and cutthroat work. Best to come prepared.

What’s inside

That’s what we’re here for, with a comprehensive guide to advise and help, not to mention dispel common doubts about startups — both upcoming and established — as they grow from foundation to funding and beyond.

01
What are tech startups?
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02
Startups by the numbers
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03
The inner workings of a tech startup
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04
Top tech startups by domain
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05
How tech startups start
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From idea to IPO
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07
Business planning for startups
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Finances and funding
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01
These days, what isn’t a startup?

An online marketplace for books headquartered in a garage, now worth $1.56 trillion. A hookup-driven university website, now home to nearly 3 billion users. Two dropouts bootlegging personal computers, now with a market cap greater than the GDP of Italy. For startups, scrappy beginnings can preview meteoric growth.

Startups are businesses in the earliest growth stage, nimble teams finding their foothold and readying to scale. While startups aren’t necessarily limited to tech and software, they certainly call both to mind. In practice, startups are new endeavors seeking to leverage nascent technology for radical scaling. Tomorrow’s household name might be working out of a toolshed today.

02
Startups by the numbers

There’s never a dull day in Startupland, but what do the numbers say about the ecosystem today?

Our 2022 State of Startups Report pairs the latest statistics with expert analysis for a bird’s eye view of startup funding, founders, emerging business models, and technology trends. Rely on it to get a good sense of where the wind is blowing VC interest.

The 2022 State of Startups Report

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Get free, in-depth statistics and expert analysis on the startup landscape with Vention's 2022 State of Startups Report.
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Let’s talk tech

No matter the industry segment, all software startups will face similar questions:

Which tech stacks to use? How to monetize? What’s the best way to manage a growing customer base? It’s likely that your startup’s core idea and culture will nudge your technical decisions somewhat. Here’s what to be on the lookout for:

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Startups should consider scalability, maintenance, dev costs, and exit strategy when choosing a tech stack and look at examples of successful projects.
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For startups looking for room to grow, AWS fits the bill, plus it's cost-effective and equipped with features you can leverage as your needs evolve.
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If you're just starting and doubting whether you need CRM software for your business or not, scroll no more and learn about all the intricacies of this tool.
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Getting started

Startups begin way before Series A. Without a level-headed hiring mindset, informed decision-making, and nimble resource management, funding can quickly go from milestone investment to nil in what can feel like the blink of an eye. Set up your startup for success from day one.
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#Development #Startups
And why sticking the landing on this all-important step could make or break your product’s future success.
Mar 22, 2021
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#Startups
If you’re strategic in your approach to assembling your team, you’ll get top-notch talent, keep costs down, dispense with the headaches of searching, and get your product to market faster.
Nov 2, 2022
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#Development #Startups
Jettisoning in-house jargon, polishing your video-meeting look, and assigning real work will help devs deliver right from day one.
Aug 31, 2022
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#Cloud
Microservice architecture is one of the most effective ways for companies of every size to become more agile.
Sep 30, 2020
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#Startups #Fintech
When one mistake can cost millions in penalties, adhering to the rules is a must. Start by building your knowledge of the regs and then bake compliance expertise into building a solution.
Nov 9, 2022
05
Transformation across sectors

Fintech isn’t the only industry evolving at lightning speed. Travel, health, insurance, real estate, women’s health — each of these sectors is abuzz with innovation that is upending B2B and B2C. Everywhere you look, investment and creativity are propelling solutions to age-old problems.

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The future of travel tech

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What the future will hold? In this article, Pitchup.com CEO Dan Yates shares how the pandemic affected his company's technology choices — and his observations on how the travel industry has transformed.
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We caught up with Healthera CTO Jun Seki to learn where their big idea came from and their steps for success in building the UK’s first-ever local prescription delivery network.
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Innovative yet affordable solutions from groundbreaking companies help women navigate puberty to old age.
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With great ideas come great startups

Maybe a startup’s core idea is an entirely new concept, or maybe it’s a fresh take on tried-and-tested technology. It might hinge on execution rather than reinventing the wheel.

Whatever the case, your business needs outstanding management and forward-thinking savvy. New ideas may be the heart of startups, but they don’t have the muscle to carry your startup on their own. (Otherwise, we’d all be founders.)

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How to build a cybersecurity strategy

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Start by assessing the components of your current security posture, test aggressively, and incorporate the insights of a security audit.
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Ever wondered how chatbots work and why it seems that everyone is using them? We answer these questions in our latest blog post.
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In this article, we’ll share key stages in the software development lifecycle (SDLC) and how you can best prepare for a successful product launch.
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Down to business

It’s sink or swim out there. Ensure your business strategy keeps operations afloat.

For some startups, that might mean smart resource allocation and the right business model, while for others, it could mean clarifying value propositions and target markets. No two business strategies are alike (they’re a little like snowflakes in that way), but no matter the specifics, your startup will need the durability to withstand investor scrutiny and market conditions.

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#Startups
Discover seven ways to steadily scale your pipeline.
Feb 26, 2021
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#Development #Startups
A well-crafted RFP takes time to produce, but it will help you think through your needs and process, narrow the field to the most qualified development vendors, and save valuable time in the end.
Jul 19, 2022
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#Startups
Service vendor transitions can be troublesome, risky, and expensive. Minimizing disruptions and delays depends on people skills as much as technical ones.
Nov 23, 2022
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#Startups
In this article, we uncover some key critical factors you should remember on the path to a successful startup scale-up.
Dec 6, 2018
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#Fintech
Financial technology products are incredibly demanding to build. Stay ahead of the curve with a product growth strategy that leverages all the tools — and talent — available to you.
Nov 18, 2022
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Fund, allocate, repeat

More often than not, startup founders run tight ships, always on the lookout for ways to save money and stretch finances. When it comes to funding your startup, how and where should you allocate resources?
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#Startups
Here are 5 main reasons (other than revenue) that big companies buy small companies.
Jan 24, 2022
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#Fintech
How can you make project estimates more effective? Dave Hecker, CTO of Vention, shares a few top tips.
Jul 29, 2021
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#Development #Startups
Explore the two most common billing model among software development vendors and find out which one is perfect for you
Jun 25, 2021
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#Salesforce
Salesforce implementations often demand add-ons like user training and technical support that should be accounted for in your Salesforce budget.
May 23, 2022
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#Startups #Cloud
There are many Cloud platforms available in the market. So why consider the Google Cloud Platform (GCP)?
Sep 30, 2021

Dreams delivered

Startup founders love their lofty language, constantly invoking dreams and visions. But you don’t have to be a seer to notice what all successful startups share: fresh thinking, dedicated problem-solving, and smart strategies that ready your business for long-term growth.

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