Michael Trout, CEO
Washington, DC (USA)
Role(s):
Founder/Owner/Principal
FOUNDUPS CORP.,
Find More Startups
Startup
Location:
Washington
Industry:
Technology/Web
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"C" Corporation
Description:
Over 99.97% of ideas and pre-seed startups (startups without seed funding of over $100K) fail. Why? The answer is simple... there is no framework for launching ideas into successful startups. Trout has spent 3 years developing such a framework and it is called the Open !nnovation Framework and once launched will change the very nature of how startups. Startups currently are a monopoly of the 1% where success is directly linked to ones ability to access capital. The lean startup methodology supports this is it states as long as one has access to capital one can pivot to success.