Unicorn Breeding: Prepare a Stock Exchange Startup
08 Sep 2022
Frederik Rasali , an Associate Partner of Preparelabs Indonesia was present at the weekly iCommunity Level-Up Club event to explain further how to make a unicorn start-up. Frederik explained how to develop a unicorn start-up in order to release it in the stock market, namely IPO (Initial Public Offering).It can be seen that recently, startups have begun to take IPO steps in order to trade on the stock exchange. Startups that plan to go public will be more inclined than startups that already have Unicorn status, which is defined as a company with a valuation of one billion US dollars. Aileen Lee, a venture capitalist, coined the phrase (Cowboy Ventures).
Why is a startup with a $1 million US dollar valuation referred to as a unicorn? Because of the need to constantly and fully innovate, as well as maintain strong relationships with and the public.
The following are some of the steps to begin funding in order to stand before the IPO:
- Begin putting ideas into action.
- Create a work group to implement ideas.
- Seek funding for production from your closest friends and family.
- Create a minimum viable product (MVP) that meets the needs of your target audience and can be scaled up easily.
- Scalability is achieved by bringing together investors for production development.
- Seed around with the product market's feed
- Meeting with venture capital that can help with the company's valuation and marketing in terms of capital (both financial and human).
Then, how is the company's general direction toward an IPO being prepared in the form of PT (Limited Liability Company) legality? Is there anything about taxation, marketing, and the stock purchase market that will be supported by research reports and analysts? The exchange on Regulation 1 will be completed. Filling in the exchange with the exchange approval, entering the reg. 2. There will be a document legality test and a tax based on the law for the company. Only after that should you enter the market. From here on out, two things must be accomplished: convincing the market to encourage our company then to invite investors, and convincing the OJK and the Exchange.
When making a Unicorn-based Start-Up, there must be trust and a plan for how to get investors to invest in the company. To support this, it is important to pay close attention to several parts of the company, including valuation, legal case, innovation, financial management, organization, track record, and service.
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