Unlocking the Cult of Early-Stage High-Tech Startup Founders

Autor: Philip J. Tofilon, Priyanka Botny Srinath, Kevin Camphausen
Rok vydání: 2021
Předmět:
Zdroj: International Journal of Business and Management Research. 9:85-87
ISSN: 2347-4696
DOI: 10.37391/ijbmr.090112
Popis: In this paper, we unlock the cult of high-tech startup founders by taking a sample case study and observing various early-stage founders. Performing ethnographic studies has pointed us in the direction to use patents as a qualifier for technological credibility which serves as an inspiration to such startup founders. When the newbie startup founders are seeking funding, they need to define traits of the success laid out by top high-tech companies that were once startups. We observed 300 early-stage high-tech startup founders around the world, while some of them were in college, some quit college and others start after getting substantial work experience. The high-tech startup world is full of innovative ideas to solve big problems and introduce the workable tech solution to their respective markets. We performed a case study of an early-stage startup that won an innovation challenge and how they struggled to reach credibility and revenue success. Overall, we define this outcome as a cult among the early-stage high-tech startup founders while unlocking revenue success, patenting to scale innovation and human element. Conclusion: “We conclude that the early-stage high-tech startup founders must follow the characteristic traits of successful high-tech companies whose revenue is stabilized with the number of patents issued and founders themselves have a human following element using power cues of other successful founders. On the whole, this unlocks the cult of early-stage high-tech startup founders.
Databáze: OpenAIRE