Startup success isn't easy. The Small Business Administration describes 90% of startups as failing. So, what does it take to be in the 10% that succeed? If you're considering a metaverse startup, the Limitless team has some advice on what it takes to join the ranks of the successful.

What is the metaverse? The metaverse is an online space where users can create and share experiences with others. It's often described as the future of the Internet. There are many advantages to being involved in the metaverse, and Limitless is looking to help 300 new startups join in the next five years.

"We'll provide them with capital, development and marketing resources and help them scale to initial traction at record speeds," says David Taylor, co-CEO at Limitless.

(Photo : Limitless)

"Both startups and established businesses will be able to enter the Metaverse and scale their revenues in a plug and play process - the Limitless way."

"We're in a race to create a digital human experience and naturally opposed to large corporations that have been trying to conquer the digital avatars of their users - as we've seen from large social media and gaming corporations in the last few years," adds Mike Vitez, co-founder and co-CEO at Limitless.

(Photo : Limitless)

"Limitless is a force to bring a decentralized Metaverse to life by helping over 300 companies launch and start providing services within the next five years. This will generate critical mass, creating the first generation of metaverse businesses."

So, what does it take to launch a successful project in the metaverse? According to Vitez, it's all about starting from scratch and being a pioneer.

"It's like being in the early 90s in the web1 world," he says. "And for example, if we look back, of course it was a huge innovation, but we will have made an algorithm to index the information on the Internet. This is a very simple use case."

Vitez also stresses the importance of being part of a team that is committed to building something from the ground up. "I think that our big success story will be Limitless in this world because it will create this whole network that needs to be done by somebody," he says.

Top Tips for Launching a Successful Metaverse Startup

Success for any startup boils down to three key things: a great idea, execution, and team. These tips from the Limitless team will help you get started on the right foot.

1. Believe in your Idea

This may seem obvious, but it's worth reiterating. If you don't believe in your idea, no one else will. Your conviction will be essential in getting others onboard and keeping the team motivated through the inevitable ups and downs of startup life.

2. Find a Great Team

A great team is essential for any startup. In the metaverse, you'll need a team of experts who are passionate about building something from the ground up. Not only will they be able to help you execute your vision, but they'll also be invaluable in helping you navigate the often-complex world of Web3 technology.

3. Get Started

The metaverse is still in its infancy, which means there's a lot of opportunity for early movers. If you're considering launching a metaverse startup, now is the time to get started. The sooner you can get your project off the ground, the better positioned you'll be to take advantage of this emerging market.