What is a startup? GLOSSARY OF TERMS
A startup is a young enterprise or project that is at an early stage of its development. They are created to solve a specific consumer problem by implementing an innovative idea that develops from scratch. The main task is to quickly search for funding sources and go to the IPO.
Many startups are created by small teams of 2 to 5 people who are able to effectively promote their business. They often do not have their own start-up capital either.
The idea with which the company plans to attract investment should be popular and innovative for people, since it is actually the main resource of the project.
Another feature of startups is the search for a business model that will ensure significant company growth and multiple product sales. A startup can only be a product that can be mass-produced.
The project is financed by investors (most often venture capitalists) who invest their money not in an existing product, but in an idea. Investing money in projects allows you to make a profit in the long term.
Notable startups are: Google, Facebook, HP, Apple, etc.
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