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Startup Revenue Model Failures

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  • Richard Bednar
  • Natalia Tariskova
  • Branislav Zagorsek

Abstract

Start-up is a fast-growing business and its revenue model, as conceptual framework for revenue, income and above average return on investment generation, can be considered to be the heart of the business model and the key to its success.The subject of the study are the specifics of startup monetization models in Slovakia. The main goal of the study is to define the types of revenue models used on Slovak startups market place and to answe the question whether there is a significant difference in startups’ revenue failures due to the revenue model, pricing model and time of payment. The methods used in gathering data were regular one on one in person interviews with startup founders and the ANOVA and Tukey’s honest significant difference methods. We considered the results to be statistically significant if they were on level p

Suggested Citation

  • Richard Bednar & Natalia Tariskova & Branislav Zagorsek, 2018. "Startup Revenue Model Failures," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 141-157.
    • Handle: RePEc:mje:mjejnl:v:14:y:2018:i:4:p:141-157
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    References listed on IDEAS

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    1. Christopher S Armstrong & Antonio Davila & George Foster & John RM Hand, 2011. "Market-to-revenue multiples in public and private capital markets," Australian Journal of Management, Australian School of Business, vol. 36(1), pages 15-57, April.
    2. Justina Banioniene & Lina Dagiliene, 2017. "Opportunities to Catch Up Advanced Countries by Investing in Technologies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(1), pages 111-123.
    3. Elli Diakanastasi & Angeliki Karagiannaki & Katerina Pramatari, 2018. "Entrepreneurial Team Dynamics and New Venture Creation Process: An Exploratory Study Within a Start-Up Incubator," SAGE Open, , vol. 8(2), pages 21582440187, June.
    4. Brandon A. Mueller & Dean A. Shepherd, 2016. "Making the Most of Failure Experiences: Exploring the Relationship between Business Failure and the Identification of Business Opportunities," Entrepreneurship Theory and Practice, , vol. 40(3), pages 457-487, May.
    5. repec:mje:mjejnl:v:12:y:2017:i:1:p:111-123 is not listed on IDEAS
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    Cited by:

    1. Daniel Keogh & Daniel K.N. Johnson, 2021. "Survival of the funded: Econometric analysis of startup longevity and success," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 17(4), pages 29-49.
    2. STEREA Diana - Ioana, 2023. "Determining a Revenue Generating Model that Creates Customer Value by Using a Skip-the-line Application in Romania," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.

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