A startup business refers to a newly established company or venture that aims to develop and offer innovative products, services, or technologies. Startups are often characterized by their potential for high growth and scalability, as well as their pursuit of disrupting existing industries or creating entirely new markets. Unlike traditional businesses, startups typically operate in uncertain and rapidly evolving environments, aiming to solve specific problems or address unmet needs in the market. They are often founded by entrepreneurs or a small group of individuals who take on significant risks, including financial investments, to bring their ideas to life. Startups often seek external funding from various sources, such as angel investors, venture capitalists, or government grants, to support their growth and development. They utilize these resources to build their products or services, validate their business models, acquire customers, and scale their operations. Due to their ...
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