Want to build a startup that gets acquired? This founder shares 5 proven tips

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ZDNET's key takeaways

• Many new ventures don't survive to become established firms.
• Successful startups take a cautious and determined approach.
• They explore, partner, and develop new features iteratively.

Fed up with the daily grind? Wish you could start your own successful venture? Evidence from the experts suggests you're far from alone. However, launching a successful business is far from easy.

This year's Global Entrepreneurship Monitor suggests that early-stage activity is robust. However, many new ventures do not survive long enough to become established firms, never mind reaching an exit via an acquisition by another organization.

Also: 5 ways to use AI when your budget is tight

The good news is that some entrepreneurs see their great ideas flourish into successful businesses -- and these individuals have valuable advice for other professionals ...