— What factors usually influence the success of a startup?
— I think there are several. 1The product. It is important to choose the right market, where you will be able to satisfy your clients. Remember Google, for example. It entered a market already full of other players, but manage to come up with a product that left the others with no chance of success. 2The team. The project founders are important, of course, but they cannot build a great company on their own. Hire the right people, and you will have no problems. Hire the wrong people, and your best-laid plans can come to naught. 3Cash turnover. In my opinion, this is one of the most important factors in the work of any start-up. If you cannot find an investor or borrow money from friends and relatives, take out a loan. But don't forget to keep an eye on the cash flow. According to some studies, 70% of startups fail in the first three years simply because they do not know how to deal with floating capital properly.