Artavazd Minasyan, co-founder of Krisp and 10Web and Partner at BigStory VC outlined a 9-step process to convert an idea into a growing startup:

1. Market Research
Understand the competition, market size and growth rate.

2. Pitch Deck
Create 10-15 slides. Present your vision to industry experts, angel investors and during networking events.

3. Prototype
Create a prototype of your product. If you don't code, find a tech-savvy co-founder to bring your idea to life.

4. Launch
Get a few early users or customers.

5. Funding
FFF (friends, family, and fools) phase - approach friends, family, and your network for initial funding. Also, consider government grants.

6. Pre-Seed Funding
Approach angel investors and local VC funds.

7. US Acceleration
Apply to programs similar to Y Combinator in the US.

8. Team and Product
Build your dream team of talented people. Execute your product and marketing strategy. Refine your product and marketing strategy.

9. $2 million Seed Funding
It's time to scale.

P.S. Bonus point 10 from 3N – Subscribe to 3N and seize the opportunities to fundraise, learn and accelerate 😇

https://t.me/threenstartups

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