What are startups?
Startups are newly founded companies or businesses that are in their early stages of development. These companies are typically founded by entrepreneurs who have a unique idea or product that they want to bring to the market. Startups often operate with limited resources and rely on creativity and innovation to gain a competitive advantage.
Startups are known for their fast-paced and agile approach to business, where they prioritize experimentation, iteration, and learning from failures. They also tend to have a strong focus on growth, with the ultimate goal of scaling their business rapidly and achieving profitability.
Due to their potential to disrupt industries and create innovative solutions, startups have gained a lot of attention and support from investors, accelerators, and other stakeholders in recent years. However, the high failure rate of startups also means that many fail to reach their full potential or achieve sustainable success.
