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Your product should be something consumers need. Out of the 305 million startups created each year, 1.35 million are tech startups.
To avoid running out of cash, you need to target paying customers quickly and get them on board. Early adopters are willing to co-develop by suggesting product improvements.
Once you launch the startup, seek funding opportunities to boost it. If you already have paying customers–early adopters–you have a better chance of getting investor capital.
If you are not a tech expert, find experienced and skilled professionals to help grow your tech startup. As of 2020, about 3 million people were employed in the IT sector in the U.S.
For the tech startup to make money and become successful, it needs to stay agile. Ask for user feedback regularly and use it to improve products and services.