Expansion Stage Milestones
Milestones and Stepping Stones in the Expansion Stage of a Startup's Development
By the expansion stage, the Company has launched its products, has customers and sales revenues, and management is focused on growth. Most of the milestones involved in the expansion stage involve growing the sales teams, the management teams, building a pipeline of sales and turning a profit.
For technology companies, investors often define the expansion stage in terms of:
Revenues: $2M to $20M per year.
Profitability: Currently profitable or soon to be.
Scalability: Immediately scalable, with a reasonable expectation of $50 million in revenues within five years
Select an Expansion Stage Milestone:
Close Strategic Round of Funding
Grow Sales Capacity
Release Best-of-Breed Product Range
Round Out The Management Team
Turn a Profit
Crank Up the Sales Engine
Deliver Impressive Sales Results