Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

What are the Prerequisites for Starting a Startup Company?

Authors
Zhihao Yuan1, *
1Economics, Mc.master University, Hamilton, Canada
*Corresponding author. Email: yuanz38@mcmaster.ca
Corresponding Author
Zhihao Yuan
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.296How to use a DOI?
Keywords
Start-ups; Financing; Social capital; Human capital
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.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
10.2991/aebmr.k.220307.296
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.296How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Zhihao Yuan
PY  - 2022
DA  - 2022/03/26
TI  - What are the Prerequisites for Starting a Startup Company?
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1800
EP  - 1805
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.296
DO  - 10.2991/aebmr.k.220307.296
ID  - Yuan2022
ER  -