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27 July 2021
How much money does it take to start a successful company?
Unsplash © Pepi Stojanovski

How much money does it take to start a successful company?

You can’t start a business without a lot of money. The question no one ever answers is: How much? So let’s talk about that. Whether you’re bootstrapping or raising capital, these are the numbers you need to hit.

It takes about $10,000 to get an idea into a proper executable state

It takes about $50,000 to bring a worthy MVP to market

It takes about $250,000 to start a truly viable company

It takes about $1,000,000 to get to a scalable growth stage

It takes about $10,000,000 to get to a positive exit

This article was originally published on Medium by Joe Procopio

Joe Procopio is a multi-exit, multi-failure entrepreneur. He is the founder of startup advice project TeachingStartup.com and is the Chief Product Officer of mobile vehicle care and maintenance startup Get Spiffy. You can read all his posts at joeprocopio.com