What are the Prerequisites for Starting a Startup Company?

Abstract

The establishment of a startup company requires many elements. In the 20th century, people realized that technology was the primarily productive force. In addition, there are many conditions to meet one by one. Only in this way can the establishment, development, and future of the startup company be guaranteed. Based on the analysis of the direct requisites, such as company's operating funds and financing capabilities, and indirect requisites of startups, for example the founder's personality and management model, we verify the importance of these conditions. This research improved our understanding of the relationship between founders' social capital, business model development, and the success of early Internet startups. In this article, we discussed the importance of innovation, leadership and financing, and demonstrated the impact of these factors on startups.