StartUp club
A startup or start up is a company initiated by individual founders or entrepreneurs to search for a repeatable and scalable business model. Founders design startups to effectively develop and validate a scalable business model.[1][2] Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large.[citation needed] Start ups face high uncertainty[3] and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential.[4] Some startups become unicorns, i.e. privately held startup companies valued at over $1 billion.
A startup or start up is a company initiated by individual founders or entrepreneurs to search for a repeatable and scalable business model. Founders design startups to effectively develop and validate a scalable business model.[1][2] Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large.[citation needed] Start ups face high uncertainty[3] and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential.[4] Some startups become unicorns, i.e. privately held startup companies valued at over $1 billion.
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