Tech Company

Business Idea: Start A Tech Company in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$654K
Avg Startup Costs
$30.7K
Score
87
Avg Revenue
Min Revenue
$110/month
Max Revenue
$8.5M/month
Avg Days To Build
95 days

Tech businesses are about the most exciting and potentially lucrative businesses you can start.

The global tech market size is expected to grow from $8,384B in 2021 to $9,326B in 2022.

But don't mistake the excitement for easy street: getting the tech startup off the ground requires a lot of work. There are many important factors, including how much capital you need, your business plan, and equipment needed to get started.

Revenue & Profitability

How much do tech companies make?

Startup Costs

How much does it cost to start a tech company?

  • It can cost as low as $50 to start a tech company.
  • It can cost as high as $10,000,000 to start a tech company.

Learn more about the costs of a tech company.

Examples Of Successful Tech Companies

Successful tech company businesses and case studies

Co-founder of Madwire JB Kellogg grew his business from just the two of them in a tiny office to over 500 employees and $100 million in annual revenue in under 10 years, by focusing on exceptional customer service and a multi-channel inbound strategy.

$8.5M Monthly Revenue
Read by 14,117 founders

Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.

$1.2M Monthly Revenue
$10M Startup Costs
Read by 3,932 founders

See full list of successful tech companies.