What is a Stealth Startup and How to Run One
We often hear Startups around the work functioning through intense publicity, gaining a lot of attention from clients worldwide. A stealth startup operates differently, by avoiding too much publicity, silently, but most importantly following every law and business rule. This silent approach is often seen as a skeptical way to go through into the business world, but it’s not uncommon.
Keeping away attention is a method of organizing step by step, before the official launch. Some of them don’t even have a website or a public profile. Some startups generate ideas and several unique concepts about a new market and don’t want to spread the news because there is a possibility of risking, and getting stolen the idea from someone else.
1. Focus On Product Development
If we are going to keep the attention away from us, and secretly construct our business idea then we can comfortably focus solely on product development. One of the main things to do first is to select a group of trustworthy people, who directly contribute to product development, by bringing together fresh concepts, providing financial support, etc. Exchanging ideas with each other stimulates the progress of the project, which needs professional and serious people. Studying the market and its types like existing, resegmented, new and clone markets is a must-do thing, otherwise, we don’t know what kind of product we are working on.
2. Work Smartly, And Save Your Money
Controlling a stealth startup is a bit difficult from the financial aspect. When we avoid attention, it’s going to be a hard task for us in terms of fundraising and earning investors. That’s why it’s not a good idea to work in a big space office that may cost a lot. A private office, dedicated desk, or coworking space saves us money before we level up to have office spaces in New York. We can complete our coworking space with technology, furniture, and infrastructure, to reach a stable startup. Besides that, we have to have discussions with experienced professionals and businessmen who can help us in this journey.
3. Search For Your Target Groups
Arguably the most important point when we decide to initiate a stealth startup. Target groups define our business success because finding the right consumers and clients is half of the entire work. If we want to work smartly, then we should research some of the biggest markets, to see how they function, to know more about their background, and to find similarities with us. With this method, we can precisely understand what it takes to have an efficient startup, respectively a stealth startup. The same thing applies in the market department. Our market can’t be everyone, so we have to be very precise to select the right one.
4. Don’t Spread News Around
Before we mentioned that a stealth startup should be hidden from publicity. Many new ideas have been stolen from someone else, so we must be careful when we discuss our ideas with others. It’s a good strategy to work secretly, with a bunch of people that are reliable for us. Working privately can bring more success than focusing solely on marketing and media, but there can be the other way around: Seeing the media and publicity aspect as a distraction until they have reached the “final product”, or better say overbuilding it, and at the end of the day it may lead to a disappointing result.
Companies or individuals are always eager to bring innovative creations to life, with the main intention to improve the world. Some of them seek fast results and others are more patient.
Big companies have used codenames, such as Windows 95 as Chicago, or Windows Vista as Longhorn. In general, pharmaceutical companies, heavy industries, or cutting-edge industries safeguard their technology, operating as stealth startups, to prevent competitors from copying their technologies.
Stealth startups have their advances and benefits, but that could be also vice versa, falling apart when it comes to the moment to launch the product. Take into consideration both versions, but never be hesitant to reach your goals. Those who take risks with new products, or present unorthodox ideas have proven to exceed several predictions from some of the biggest experts in the business field.