The #StartupStack

Stripe and Tech City UK have partnered to uncover the Startup Stack – the cloud-based toolkit fuelling the UK startup economy. A full list of the tools broken down by different business areas can be found here: techcityuk.com/startup-toolkit/

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Startup Stack tools make it cheaper and easier to start a business

By automating some of the most resource-intensive parts of building a business, from processing invoices and communicating with customers to accepting payments online, startup tools are emerging as the secret sauce of Britain’s entrepreneurs: 89% said these tools had made starting and scaling a business easier, and 85% said they had made it cheaper.

Outsourcing all the heavy lifting to increase productivity and build products faster

For upstarts today, there is no need to reinvent the wheel: less than 14% build their own servers; less than 12% build their own CRM systems; and less than 10% build their own payment infrastructure.

The Startup Stack is transforming every part of starting a business

45% of respondents said their biggest impact is in reducing operating costs; 45% said they increase productivity, and 41% said they reduce the length of product development cycles. Cost was considered the most important factor in that decision-making (72%), closely followed by ease of integration (59%) and stability (56%).

The total stack consists of around 200 tools across 13 business areas

Today’s startups outsource and automate business functions across 13 businesses areas, with some having slightly more impact than others.

The 13 different areas which make up the Startup Stack are analytics, payments, accounting, legal & compliance, hosting & data storage, database management, cyber security, customer support, team collaboration & communication, CRM, recruitment, human resources, and code repositories.

Startups for Startups are an emerging part of the UK economy

Startup Stack tools themselves are an emerging part of the economy — with 1 in 4 tools named less than five years old, and 15% are in fact UK-based businesses themselves, including Huddle (collaboration tool), Geckoboard (analytics tool) and FreeAgent (accounting tool).

1 in 4 tools named less than five years old

Startup Stack tools themselves are an emerging part of the economy: Startups for Startups. Tools like GitHub, Zendesk, Google Analytics, Salesforce, Stripe, AWS, Slack and Xero were among the most popular.

The Startup Stack results are based on a survey of 311 UK entrepreneurs, software developers and technology influencers, conducted between 9 and 30 June 2016.

The 13 different areas which make up the Startup Stack are analytics, payments, accounting, legal & compliance, hosting & data storage, database management, cyber security, customer support, team collaboration & communication, CRM, recruitment, human resources, and code repositories.

A full list of the 192 tools broken down by the 13 different areas can be found in this SlideShare.

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