Startup must be a company,
Company may not be a startup.
What makes a startup is the innovation product and business model, once it scales up to a tipping point and making a stable profit, we would say it is no longer a startup and become a company.
The scalability should be one of the biggest factors to determine whether it is a startup or company.Startup must be a company,
Company may not be a startup.
What makes a startup is the innovation product and business model, once it scales up to a tipping point and making a st...
That's not an easy question, but basically Uber EATS is clearly the one stayed behind at the moment.
Uber Eats' strategy may be like Uber in other asia market, grab a certain amount of market share, but not big enough to dominate the market, and then sell it to the biggest competitor for it's share.
Other than Foodpanda, Deliveroo and Uber Eats, there should be one more option, Plum, who are expanding aggressively.
From customers point of view, no one want anyone of them to win this game, therefore customers can enjoy more discount, variety of food choices, high quality of customer service in the foreseeable future.That's not an easy question, but basically Uber EATS is clearly the one stayed behind at the moment.
Uber Eats' strategy may be like Uber in other asia market, grab a certain ...
Covered by media means you made noise and your startup idea is interesting enough to draw attention from public, it doesn't guarantee your startup is going to survive by getting enough paying customers.
For the funding part, it is ''sort of easy'' to get seed rounds and series A funding in Hong Kong, but not the series B or above, startups after burning all the funding will need to face the difficult question: continue or not?
If you choice to continue, ask yourself two questions,
1) where is your funding coming from to sustains your daily operations?
(the human cost, the renting cost, the marketing cost, the research cost... )
2) you product seems to be not validated as you already spent the funding in testing the market, so what give you confidence to go further?
In short,
if you can't give yourself a solid answer, this is the time you stop and that's the reasons why Hong Kong startup, despite covered by media and receive funding, disappeared after a period of time.Covered by media means you made noise and your startup idea is interesting enough to draw attention from public, it doesn't guarantee your startup is going to survive by getting enough pay...
但是,這不等於內向的人...
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