In 2021, the founders of early-stage startups in Launch launched technology products after working on them for almost 12 months. Over 80% of companies now have a product launched publicly or in the beta phase. Less than 20% of startups had a product launched early last year.
Launch – the startup founders community – launches the first edition of Launch Community Report 2021, a document that tracks the evolution of startups in the community and that could be a starting point in terms of analyzing the ecosystem of early-stage startups in Romania.
“As the team is decisive in a tech startup in executing the most appropriate solution for the identified problem or need, so do we, in Launch, found the right teammates with whom to fulfill the mission of the community, and these are Launch co-organizers and all those who contribute to the community”, says Alexandru Agatinei, CEO of How to Web, co-organizer Launch.
The analysis shows that the trend of automation, highly popular due to UiPath in recent years, has been steadily growing in 2021. The most attractive industry for tech product development was Developer Tools & Productivity (14.5%), followed by Health (11.3%) and Education (9.7%).
The founding teams have a strong commitment to product development, building in small teams of up to 3 founders and co-founders (79.1% of startups). They mostly finance their work with their own funds or from relatives (almost 60% of them).