startup company
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AI overview
A startup company is a business created by an entrepreneur that is designed to grow quickly and serve many customers with a repeatable business model. Startups matter because they drive innovation and economic growth by testing new ideas and ways of doing business.
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Article
A startup or start-up is a company or project typically 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 early stages, startups face significant uncertainty and high rates of failure. However, a minority achieve notable success and influence, with some growing into unicorns, private companies valued at over US$1 billion. Startups are typically characterized by an innovative stance, a potential for rapid growth, external funding, and vulnerability.
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