Lets imagine “Going on an Overseas Vacation” as your startup
At the Idea stage?
You only have an idea for a vacation. You start to research for options. Consult your family or friends. You start to make budgets. Finalise who will go for the vacation. You are really excited with the idea to go on a vacation.
At the pre early stage?
You may have frozen your travel plans. But you still dont know if this is the best plan. You start to make tentative bookings. You still dont know if you will go on your vacation. You start to take everyone’s buyin. You start planning for leave.
You apply for visa
At early stage?
You get your visa & finally book your tickets You start to pack your clothes
You start planning your detailed itinerary for everyday
You buy travel insurance
You reach the airport to catch the flight
At growth stage?
You go through security & check in
You are now checked in
The flight is on time
You board the flight
At scale up stage?
The flight takes off
Flight has a smooth landing
You are allowed through immigration & on your way to enjoy your vacation
If you were an investor which stage would you invest in?
Many startups try to raise money at the wrong time