In the era of innovative high tech ideas, an iceberg transition from the typical garage project into a startup company has gained mass attention. A garage project is most commonly referred to as the innovative idea incubated in a personal or rented garage where a team of passionate and creative individuals come together to design and create their own personal technology for a maximum output. Most of these ideas arise from a desire to solve a unique problem with a smart solution.
In many cases, these ideas may be so compelling and ingenious that a startup company is formed to continue developing the technology. Over the years, the startup company may then receive various inputs and investments from investors and venture capitalists to further develop that technology. This process is akin to the growth of icebergs, slowly rising from the depths of the ocean with each passing wave until finally its majesty comes into sight.
As the startup matures, it may steadily gain more popularity and may even approach a point where the idea is adopted by mainstream technology companies. At this point, the startup company has successfully completed the transition from a garage project into a fully established and credible firm. This demonstrates, in the current era, how perseverance in the face of innovation can payoff if the necessary resources and determination is available.
However, the main question as a rule of thumb or perhaps rules-based approach, how to valuate a high tech garage project as a candidate for an investment portfolio if it has not yet generated sustainable revenue !
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