Topic 1 Understanding what is a startup

DEFINITION:

A startup is defined as a young or recent company which is created by one or more entrepreneurs to develop a solution to an issue or service and bring it to market in order to make it succeed.

Key aspects of the startups are:

  • Little or even no income in the first stages of the process
  • They are perceived as risky propositions
  • They need to prove their potential
  • Their size is small at first
  • Willingness to grow
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