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"Myths and Truths about Tech-Startup"

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In this day and age, seemingly every news is about new tech startups making billions of Dollars. Everyone are building a new tech startup, or mobile app, or a mobile game, to have a shot at being the next "Unicorn". Tech startup is the new holy grail, and nerds and geeks are the kings of this generation. But is it really the case?

While it is true that these days, a simple idea can be the next big thing, many also have failed in their attempt. Below, we want to break some of the myths surrounding tech startups, and what can we do to build a better path for our startup. After all, yes, we all have a shot to be the next unicorn.

1. Idea is What Matters
While it is true to some degree, the harsh truth is, a big idea can only be big when it came out from a big enough person. Yes, you'll need reputation, experience, and network to make the big ideas happen. In most beginning startups, execution matters more than the idea itself. Is Facebook the first social network ever? No, is Whatsapp the first free mobile messaging app ever? No. But they do execute, and network better than their predecessor.

And yes, it is a lot easier to execute ideas previously tried by other companies, like Facebook and Whatsapp did. So, no, the first isn't always the best. So stop procrastinating at thinking for the next big idea and instead, start executing.

2. You'll need Big Funding from VC to Have a Decent Chance
Contrary to this belief, many tech insiders will advise you to self-fund as long as possible. How many startups bought for millions by big companies are now vanished? I'm sure you can name some.

Self-funding and bootstrapping is a lot easier than you think it will be, it's just that most of us want to enter the glamorous,"funded" lifestyle as soon as possible (which is a great motivator, yes).

If you're inquired by some VCs, great! But remember that being funded can kill your business as well as moving it forward, and sometimes it's the biggest make or break moment in a startup's life. If you feel you'll be better off self-funded and keep your basement office for a little while more, it might just be better that way.

3. It's the Best Shot on Making Millions
What's your biggest reason to start a startup? Whether it's tech or not, if your answer is to make a lot of money, it's nowhere near being the best chance there is.

If you want to make a lot of money and get retired as soon as possible, you're better off with a career in the financial industry.

If you want to start being an entrepreneur, your first and foremost reason should be to develop a product or service that will solve some people's problem. As cliche as it is, your intention will be projected to your product, and your passion will be the fuel for the much-needed perseverance. Yes, trust me, you'll need endurance more than you'll need that big idea.

If you have a big idea and want to start that startup business, go for it! But keep in mind that your idea is only the first step in your journey. Be modest, work harder, endure, and who knows, maybe you'll be that next unicorn indeed.