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To scale or not to scale?
A new space in White City is making the decision easier. Whether it’s a noun or a verb, the phrase ‘scaleup’ is used a lot in entrepreneurial circles to explain the time when a company really starts to grow. And, although there’s relatively clear definition around when scaling up begins, there’s less clarity around when the process finishes, meaning that it’s often a time of uncertainty and challenge.
To scale or not to scale?
What is a scaleup? • It’s a company going into a distinct phase of growth that will take it to the next level. • The Organisation for Economic Co-operation and Development (OECD) definition of high growth is a company that’s achieved a 20% or more increase in either employment or turnover year on year for at least two years and a minimum employment count of ten. • The company has generally been through its first rounds of funding and has reached Series A or similar.
Issue 4 / 2021–22
