The business world is ruthless. It is estimated that 90% of startups fail, with 34% closing within the very first year. This appalling condition of budding entrepreneurs was observed first-hand by our founder Ram Gore, who then spent nine years to find a perfect solution.

This research was encouraged by the various problems faced by budding entrepreneurs across the globe. His main aim was to figure out the means to overcome them and pave the way for startups to be successful.

Read more at The Story Behind VGo.

So after nine long years of tedious research extensive compiling of data, talking to experts, and more, he found an answer which could revolutionize the future of startups.

Young minds brew brilliant ideas

While researching the marketplace, one of the most important findings was that ideas could come from people of any age. Brilliant ideas do not require a certain age or experience. Most of the great concepts are conceived by young minds with no former experience. For instance, both Facebook and Airbnb were founded by young minds. Now, they're the global market leaders in their respective fields.

The need for a parent organization

While young minds can come up with brilliant ideas, most budding entrepreneurs face a huge obstacle when it comes to budget. Even the people who believe in the startup concept are hesitant about investing in the startup, making it very difficult for those ideas to be brought to life. After all, it takes a lot of funds to build an infrastructure that supports a startup.

But what if a parent company allowed the development of new-born companies in a way that the infrastructure, resources, operations, and expenses are shared? It would give startups a chance to build themselves without setting up an infrastructure, which saves both time and money. Then, as an increasing number of startups join the parent platform, the required costs for the future is significantly reduced.

A new operations model

Having a dedicated team that provides resources and support to every startup would drain the parent company. It would allow startups to save on infrastructure and get proper mentorship. But, at the same time, lots of funds and resources are poured by the parent company. It could drain the parent company, making it impossible for more startups to enjoy the same benefits. These problems called for a need for a new operations model.

The only feasible way was for well-established startups to help budding startups to form a whole ecosystem of startups assisting one another. So, each startup team is not only responsible for their own startup operations but also responsible for developing the new startup. Every new startup will work to become well-established and help other startups. It will lead to a vertical wave of startups that collaborate in their operations by sharing their knowledge across multiple domains. Every company's success formula gets shared with the rest of the startups in the vertical wave. Thus, all the startups will deliver profitable results by getting a mutual benefit. It is an endless model where an infinite number of startups are built to make every startup successful.

The model is capable of solving many of the hindrances an entrepreneur faces in the market – from building a team, managing it, training the members, the operations, marketing, and sales – most of the biggest problems are solved. It means that an entrepreneur may only have to bear 10% of the load.

New payment system

Loss of money during the transaction is not anything new. From tax to transaction fees, funds are lost during transactions all the time. Besides, the transaction also takes a lot of time.

This problem could be completely eradicated with a new payment system that works within the startup ecosystem. Startups could pay each other in terms of tokens for the work done, which later can be converted to any currency of their choice. This new method saves both; loss during the transaction and improves global delivery speed.