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Does the success of a start-up depend on novelty of idea that entrepreneur has or the amount of investment? Discuss both the sides and give your opinion.

Does the success of a start-up depend on novelty of idea that entrepreneur has or the amount of investment? 528rQ
Valuing a startup can be difficult as startups don't usually have longevity in which to determine their success. Startups also don't generate profits or even revenue for a few years after starting. There are a number of different factors that entrepreneurs must think of as they try to get their startups off the ground and begin operations. Startups have to use seed capital to invest in research and to develop their business plans. The other hand, having a great or lean idea for beginning the Startups is very critical. This essay will discuss both sides of the argument in details and provided evidence as to why does the success of a start-up depend on novelty of idea and investment. The term startup refers to a company in the first stages of operations. Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand. These companies generally start with high costs and limited revenue, which is why they look for capital from a variety of sources such as venture capitalists. Many startups turn to others for more funding, including family, friends, and venture capitalists. Silicon Valley is known for its strong venture capitalist community and is a popular destination for startups, but is also widely considered the most demanding arena. Crowd-funding has become a viable way for many people to get access to the cash they need to move forward in the business process. Some entrepreneurs set up a crowd-funding page online, allowing people who believe in the company to donate money. Startups may use credit to commence their operations. A perfect credit history may allow the startup to use a line of credit as funding. This option carries the most risk, particularly if the startup is unsuccessful. Other companies choose small business loans to help fuel growth. Banks typically have several specialized options available for small businesses—a microloan is a short-term, low-interest product tailored for startups. Therefore, one of the primary factors for growing of startup is capital monetary and funding, because the risk of shutting down or not having enough capital to continue operations before turning a profit is ever-present. The business ideas are based on deep technology - substantial scientific advances and cutting-edge engineering (any TRL), such that you can use them to create a competitive advantage in the market. If you want to start a startup, you’re probably going to have to think of something fairly novel. A startup has to make something it can deliver to a large market, and ideas of that type are so valuable that all the obvious ones are already taken. Novice entrepreneurs tend to achieve novelty at the expense of commercial viability because, without entrepreneurial experience, novices can easily get blinded by the focal role or goal they pursue. As explained Dr. Zhan "For example, suppose they started out focusing on inventing an innovative product. In that case, they may get so focused on achieving novelty at the cost of commercial viability, thus making innovative products that nobody wants. Alternatively, if they are so fixated on pursuing commercial viability, they might lose sight of novelty, thus winning in the short-term but failing to differentiate them and eventually losing to more innovative competitors”. In conclusion, the ability to maintain a balanced pursuit of novelty and commercial viability develops with entrepreneurial experience, as entrepreneurs receive real-world feedback on how to successfully juggle between the two. For example, when Sir James Dyson invented the Dyson vacuum, he had a keen vision of targeting a receptive Japanese market rather than focusing on his native English market. I believe that it is significant to keep in balance those two approaches. Having new Idea for start is as much important as having sponsor for developing Idea and deploying it.
Valuing a startup can be difficult as startups don't
usually
have longevity in which to determine their success. Startups
also
don't generate profits or even revenue for a few years after starting. There are a number of
This phrase/word is too simple and can be replaced with:
different
factors that
You use this word too often, consider replacing it with
entrepreneurs
This phrase/word (depending on the context) can be potentially replaced with :
must
This phrase/word (depending on the context) can be potentially replaced with :
think
of as they try to
This phrase/word (depending on the context) can be potentially replaced with :
get
their startups off the ground and
This phrase/word (depending on the context) can be potentially replaced with :
begin
You use this word too often, consider replacing it with
operations
. Startups
This phrase/word is too simple and can be replaced with:
have to
This phrase/word (depending on the context) can be potentially replaced with :
use
seed
You use this word too often, consider replacing it with
capital
to invest in research and to develop their
You use this word too often, consider replacing it with
business
plans. The other hand,
You use this word too often, consider replacing it with
having
a great or lean
You use this word too often, consider replacing it with
idea
for beginning the Startups is
This phrase/word is too simple and can be replaced with:
very
critical. This essay will discuss both sides of the argument in
This phrase/word (depending on the context) can be potentially replaced with :
details
and provided evidence as to why does the success of a
This phrase/word (depending on the context) can be potentially replaced with :
start
-up depend on
You use this word too often, consider replacing it with
novelty
of
You use this word too often, consider replacing it with
idea
and investment.

The term startup refers to a
You use this word too often, consider replacing it with
company
in the
first
stages of
You use this word too often, consider replacing it with
operations
. Startups
are founded
by one or more
You use this word too often, consider replacing it with
entrepreneurs
who want to develop a
You use this word too often, consider replacing it with
product
or service for which they believe there is demand. These
You use this word too often, consider replacing it with
companies
generally
This phrase/word (depending on the context) can be potentially replaced with :
start
with high costs and limited revenue, which is why they look for
You use this word too often, consider replacing it with
capital
from a variety of sources such as venture capitalists.
This phrase/word is too simple and can be replaced with:
Many
startups turn to others for more funding, including family, friends, and venture capitalists. Silicon Valley
is known
for its strong venture capitalist community and is a popular destination for startups,
This phrase/word is too simple and can be replaced with:
but
is
also
widely
considered the most demanding arena. Crowd-funding has become a viable way for
This phrase/word is too simple and can be replaced with:
many
This phrase/word (depending on the context) can be potentially replaced with :
people
to
This phrase/word (depending on the context) can be potentially replaced with :
get
access to the cash they need to
This phrase/word (depending on the context) can be potentially replaced with :
move
forward in the
You use this word too often, consider replacing it with
business
process.
This phrase/word is too simple and can be replaced with:
Some
You use this word too often, consider replacing it with
entrepreneurs
set up a crowd-funding page online, allowing
This phrase/word (depending on the context) can be potentially replaced with :
people
who believe in the
You use this word too often, consider replacing it with
company
to donate money. Startups may
This phrase/word (depending on the context) can be potentially replaced with :
use
credit to commence their
You use this word too often, consider replacing it with
operations
. A perfect credit history may
This phrase/word (depending on the context) can be potentially replaced with :
allow
the startup to
This phrase/word (depending on the context) can be potentially replaced with :
use
a line of credit as funding. This option carries the most
This phrase/word (depending on the context) can be potentially replaced with :
risk
,
particularly
if the startup is unsuccessful. Other
You use this word too often, consider replacing it with
companies
choose
This phrase/word is too simple and can be replaced with:
small
You use this word too often, consider replacing it with
business
loans to
This phrase/word (depending on the context) can be potentially replaced with :
help
fuel growth. Banks
typically
have several specialized options available for
This phrase/word is too simple and can be replaced with:
small
businesses—a microloan is a short-term, low-interest
You use this word too often, consider replacing it with
product
tailored for startups.
Therefore
, one of the primary factors for growing of startup is
You use this word too often, consider replacing it with
capital
monetary and funding,
This phrase/word is too simple and can be replaced with:
because
the
This phrase/word (depending on the context) can be potentially replaced with :
risk
of shutting down or not
You use this word too often, consider replacing it with
having
This phrase/word is too simple and can be replaced with:
enough
You use this word too often, consider replacing it with
capital
to continue
You use this word too often, consider replacing it with
operations
This phrase/word is too simple and can be replaced with:
before
turning a profit is ever-present.

The
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
ideas
are based
on deep technology
Consider using an m-dash if you do not want to join two words.
-
substantial scientific advances and cutting-edge engineering (any TRL), such that you can
This phrase/word (depending on the context) can be potentially replaced with :
use
them to create a competitive advantage in the
You use this word too often, consider replacing it with
market
. If you want to
This phrase/word (depending on the context) can be potentially replaced with :
start
a startup, you’re
probably
going to
This phrase/word is too simple and can be replaced with:
have to
This phrase/word (depending on the context) can be potentially replaced with :
think
of something
fairly
novel. A startup
This phrase/word is too simple and can be replaced with:
has to
This phrase/word (depending on the context) can be potentially replaced with :
make
something it can deliver to a large
You use this word too often, consider replacing it with
market
, and
You use this word too often, consider replacing it with
ideas
of that type are
This phrase/word is too simple and can be replaced with:
so
valuable that all the obvious ones are already taken. Novice
You use this word too often, consider replacing it with
entrepreneurs
tend to achieve
You use this word too often, consider replacing it with
novelty
at the expense of
You use this word too often, consider replacing it with
commercial
You use this word too often, consider replacing it with
viability
This phrase/word is too simple and can be replaced with:
because
, without entrepreneurial experience, novices can
easily
This phrase/word (depending on the context) can be potentially replaced with :
get
blinded by the focal role or goal they pursue. As
This phrase/word (depending on the context) can be potentially replaced with :
explained
Dr.
Possible spelling mistake found.
Zhan
Use a smart opening quote here: "“".
"
For example
, suppose they
This phrase/word (depending on the context) can be potentially replaced with :
started
out focusing on inventing an innovative
You use this word too often, consider replacing it with
product
.
In that case
, they may
This phrase/word (depending on the context) can be potentially replaced with :
get
This phrase/word is too simple and can be replaced with:
so
focused on achieving
You use this word too often, consider replacing it with
novelty
at the cost of
You use this word too often, consider replacing it with
commercial
You use this word too often, consider replacing it with
viability
,
thus
making innovative
You use this word too often, consider replacing it with
products
that nobody wants.
Alternatively
, if they are
This phrase/word is too simple and can be replaced with:
so
fixated on pursuing
You use this word too often, consider replacing it with
commercial
You use this word too often, consider replacing it with
viability
, they might lose sight of
You use this word too often, consider replacing it with
novelty
,
thus
winning in the short-term
This phrase/word is too simple and can be replaced with:
but
failing to differentiate them and
eventually
losing to more innovative competitors”.

In conclusion
, the ability to maintain a balanced pursuit of
You use this word too often, consider replacing it with
novelty
and
You use this word too often, consider replacing it with
commercial
You use this word too often, consider replacing it with
viability
develops with entrepreneurial experience, as
You use this word too often, consider replacing it with
entrepreneurs
receive real-world feedback on how to
successfully
juggle between the two.
For example
, when Sir James Dyson invented the Dyson vacuum, he had a keen vision of targeting a receptive Japanese
You use this word too often, consider replacing it with
market
rather
than focusing on his native English
You use this word too often, consider replacing it with
market
. I believe that it is significant to
This phrase/word (depending on the context) can be potentially replaced with :
keep
in balance those two approaches.
You use this word too often, consider replacing it with
Having
new
You use this word too often, consider replacing it with
Idea
for
This phrase/word (depending on the context) can be potentially replaced with :
start
is as much
This phrase/word is too simple and can be replaced with:
important
as
You use this word too often, consider replacing it with
having
sponsor for developing
You use this word too often, consider replacing it with
Idea
and deploying it.
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IELTS letter Does the success of a start-up depend on novelty of idea that entrepreneur has or the amount of investment?

Letter
  American English
4 paragraphs
634 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • ?
    Include an introduction and conclusion
  • ?
    Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • ?
    Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • ?
    Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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