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What is a Startup?

MIT
(Photo courtesy of MIT)

 

 

 

Startup (or Startup Company)

 

What is a startup?  There's no definition any two entrepreneurs or investors agree on. Most say a startup is determined by its age, growth, revenue, profitability or stability. The definition of a startup is likely to exclude entities formed by splitting or restructuring businesses or those that have been in existence for five years and exceed certain dollars in sales. Apart from innovation, such startups have to be engaged in the development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property. 

  • [Investopedia]: A company that is in the first stage of its operations. These companies are often initially bank rolled by their entrepreneurial founders as they attempt to capitalize on developing a product or service for which they believe there is a demand. Due to limited revenue or high costs, most of these small scale operations are not sustainable in the long term without additional funding from venture capitalists.
  • [Wikipedia]: A startup company or startup or start-up is an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are innovative in a process of development, validation and research for target markets. 

 


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