Key components of a successful tech startup include a strong business model, innovative technology, and a skilled team. A clear value proposition differentiates the startup from competitors, while effective market research helps identify customer needs. Financial planning, including adequate funding and cash flow management, is crucial for sustainability. Building a robust network of mentors and industry connections can provide valuable insights and support. Additionally, an agile approach to product development allows for rapid iterations based on user feedback, facilitating quick adaptation to changing market demands and fostering growth.