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What is a Startup?

by Noyal Sharook

A startup is an entrepreneurial venture, typically in the form of a company or organization designed to develop and sell new products and services.

The term implies that the entrepreneur has no previous experience or background running a business.

The word “startup” can refer to anything from an established small business to a newly founded one; it does not imply any specific size or type of enterprise, but most commonly refers to those with fewer than 500 employees.

Startups are usually funded by angel investors, venture capitalists, or crowdsourcing methods such as Kickstarter and Indiegogo.

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