Internet startups and their impact
A dot-com startup is a company or service that embraces the internet and does almost 100% of its business on the world wide web and usually with the help of a website with a high-level domain “.com”.
Today, most people are familiar with the dot-com boom in the ’90s when there was an influx of new internet startups that were initiated with the growing popularity of the internet and ended up in what is known as the dot-com bubble.
The number of startups skyrocketed during this period and because of the poor foresight of some of these startups, many were not able to survive due to not having a long-term sustainable solution. Some that did survive have grown to such a large size they are known all over the world, such as internet retailers Amazon and eBay with other big tech companies that followed in later years such as Facebook and SpaceX.
During the first stages of a startup, a lot of resources and time are spent on research, especially market research that can help determine the demand for a product or a service. During this time, additional plans must be put in place such as a well-defined mission statement, marketing strategy and also management.
What are startups ?
Businesses have always had a spilling effect. A phenomenon that happens when one type of business endeavour affects another, totally different one. Work philosophy, the implementation of ideas also may be adopted by another company that may help to improve it or it may inspire a different company to develop a new solution to a current problem.
Startups are ventures that are initiated by the founders of a company and centred around a problem or to implement an idea that they share and make it a reality. The term is also applied to already great companies that look to implement and add new or alternative business endeavours alongside their current ones. Or identifying a new stage of the company that is necessary with the ever-evolving technology.
What makes a company or business great is for it to reach a point that is no longer dependent upon a single individual or third party organisation and has all of the necessary components embedded into its structure so that it can operate independently. Startup as a term is not officially defined in every part of the world but there are ways of how to designate this term to a specific business, company, ecosystem etc.
Though the term startup may sound like something referring to a small company in its early stages, the term is also applied to mature companies that are looking for the perfect business model, focusing mostly on growth and innovation. This means making sure that many people are interacting with the business itself, has a constant growth of active users and can reach a wide audience.
Startups are usually started by the company founders, this being either a single individual or a group of co-founders and it is approached by inspecting a problem, interviewing solutions and developing prototype ideas to overcome the problem in question. Market validation plays a huge role in every endeavour and it should be a priority before providing any product or service and can be done with simple market research and surveys.
Startups bring innovation and change
With ever-advancing technology, especially that of mobile, many gaming-related startups are being made by various companies. Many factors contribute to the adoption of such a game, with the first impression playing a major role. This is where aesthetics and graphics are extremely important. Slot games manage to attract a lot of popularity because of many versions and different styles available, making it possible for each individual to be appealed.
Because slots are casino games, the casino platform itself is required to have good privacy and protection in place. Also, game variety plays a major role in online casino platforms. While slot games are technically the same everywhere, it is their aesthetics that make the most difference.
We can look at Diamond Link: Mighty Elephant and From Dusk Till Dawn, both found on the same online platform. Both of these games are slots but their aesthetic is contrasting one another, leaving the preferred choice to the player. A major positive of startups is that they are able to experiment with new things, which usually leads to innovation that can help to further develop the current business model.
Online casinos made their debut online with microgaming and they are the ones who encouraged many land-based casinos that also looking to make their presence online, to develop their own online platforms that we are familiar with today.
Startup culture and environment
The work environment of startups is usually associated with a fun and relaxed environment. The look and feel of a startup comes usually comes from its founders by working together to bring a passion project to life. The office environment has a welcoming feel to them, encouraging the workers to be themselves and enjoy their stay while working there. The playfulness of the environment usually leads to better collaboration between the people working there and a better understanding of each other.
Flexible work hours are also present. While it may be required to work the regular amount of hours each week, this does not mean starting and finishing work at the same hours each day. Employees are usually granted flexibility and choice to organise their hours throughout the day the way that they see fit.
In general, a startup work environment is a more casual approach to the traditional office space, with a more relaxed attitude and less micromanaging of employees. Employees feel welcomed and the founders often do a great job of inspiring the people that they work with thus leading to a great relationship between the leaders and employees.