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What is the proper definition of a startup?

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What is the proper definition of a startup?
posted Jan 8, 2018 by Deepak Jangid

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1 Answer

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A startup is a temporary organization used to search for a repeatable and scalable business model.

"Temporary" is emphasized because a startup's goal is to cease being a startup, to graduate up to being a large business or to fail and move on to another opportunity. An early stage venture that isn't capable of this type of rapid scale-up is a small business, not a startup.

answer Jan 9, 2018 by Sahana
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