Startup Company

A Startup Company is a company in the initial stages of its operations (in their business cycle).

• Context:
  • It can (typically) be in the process of developing its Business Model, Product Offering, and establishing a Market Presence.
  • It can (typically) operate in uncertainty.
  • It can (typically) be a Small Company.
  • It can (typically) be no older than 5 years old.
  • It can (often) have an Entrepreneurial Culture and often prioritizes rapid growth and scalability.
  • It can (often) be Discovering Product–Market Fit.
  • It can (often) be Building Predictable Scalability.
  • It can (often) be Maximizing Long-Term Outcomes.
  • It can (often) have Broad-Skilled Job Roles.
  • It can range from being an Industry-Specific Startup Company (such as a startup software company) to being a General-Purpose Startup Company.
  • It can range from being an Innovative Startup Company (that focuses on innovative products) to being a Traditional Startup Company.
  • It can range from being a Risk-Taking Startup Company (that focuses on market disruption) to being a Conservative Startup Company.
  • It can range from being a Venture-Backed Startup Company to being a Bootstrapped Startup Company.
  • It can range from being a Fast-Growing Startup Company to being a Slow-Growtin Startup Company.
  • It can (typically) range from being a Low Grow Potential Startup Company to being a High Growth Potential Startup Company.
  • It can be led by a Startup CEO.
  • ...
• Example(s):
  • Software Startup Company: Uber, 2009, OpenAI, 2023.
  • Industry-Specific Startup Companies:
    • a Startup Healthcare Software Company, such as: Flatiron Health, 2012.
    • a Startup Legal Software Company, such as: Clio, 2008.
    • a Social Media Startup Company, such as: Facebook, 2004.
    • a Space Technology Startup Company, such as: SpaceX, 2002.
    • a Legal Tech Startup Company, such as: [[]].
    • ...
  • an American Startup, such as:
    • Uber, 2009, for Uber, Inc..
    • Amazon, 1994, for Amazon, Inc..
    • Apple, 1976, for Apple, Inc..t, Inc.]].
    • Google, 1998, for Google, Inc..
  • ...
• Counter-Example(s):
  • a Mature Company.
  • a Non-Profit Organization.
• See: Venture Capital, Seed Funding, Dot-Com Company, Business Model, Business Development, Small Business.

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References

2023

• (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Startup_company Retrieved:2023-6-5.
  • A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses, including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.

2021a

• (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Startup_company Retrieved:2021-10-3.
  • A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. ...

2021b

• (Baldridge & Curry) ⇒ Rebecca Baldridge, and Benjamin Curry (2021). "What Is A Startup?". In: Forbes Advisor.
  • QUOTE: Startups are young companies founded to develop a unique product or service, bring it to market and make it irresistible and irreplaceable for customers.

     Startups are rooted in innovation, addressing the deficiencies of existing products or creating entirely new categories of goods and services, thereby disrupting entrenched ways of thinking and doing business for entire industries. That’s why many startups are known within their respective industries as “disruptors.”

    You may be most familiar with startups in Big Tech—think Facebook, Amazon, Apple, Netflix, Google, collectively known as FAANG stocks—but even companies like WeWork, Peloton and Beyond Meat are considered startups.

2015

• (TechCrunch) ⇒ http://techcrunch.com/2015/05/11/how-do-i-know-if-i-should-take-a-job-at-a-startup
  1. A) Has the CEO built a business before?
  2. B) Does the company have good funding?
  3. C) Do you believe in the vision?
  4. D) Valuation
  5. ...

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