What are the most important factors for scaling a startup? What’s the secret of scalability? We’ve invited 842 experts from the tech startup industry to take part in our research. We’ve spent months on collecting the opinions of CEOs, CTOs and founders of startups. The lines are closed, the numbers are in! And we’re surprised at some of the results….
We’ve divided the results of our research into three parts. Each of them pertains to particular factors influencing the scalability of a tech business. We started our survey by asking the respondents to evaluate those factors.
We weren’t surprised that it’s the funding that’s probably the cause of most sleepless nights. After all, there’s no scalability without money, and attracting investors could be an Olympics competition in itself. However, something else piqued our interest. To many startuppers, technology comes last! Even more surprisingly, American startups are even less likely to place a special emphasis on good, scalable technologies (more in the report!).
Let’s take a look at where it all begins. The MVP step is especially important. Well, it’s the starting point, the product to which many, many functionalities will be added in the future. Unfortunately, it seems that entrepreneurs forget about that part. This was confirmed by the respondents’ answers:
We also asked a question about what kind of attributes make a technology great for scaling a product.
The results shown clearly demonstrate that startups prefer tried-and-tested solutions that enable fast (and, what follows, less costly) development, and allow for integration with other technological products. We’ve also taken a look at which technologies are most frequently used by startups. The most often mentioned include programming languages Ruby or Python, or the Node.js environment.
We were also surprised at a few other results. Some actually confirmed what we’ve been thinking for a long time. Since the report is free and downloadable, why don’t you take a look yourself?