What is a Startup?

 

A startup is a venture or an idea of its founders with a potential for significant business opportunity and impact. Often the actual development.

A great business entity is a self-sufficient entity that is no longer dependent on any single individual, fund, or any other organization, where all critical knowledge, strategies, values, etc. are permanently implanted to its existence in a way that it can continue to improve, operate and create value for its customers, shareholders and other key stakeholders, while remaining financially stable by the value of solutions and products it creates.

The startup and Entrepreneurship 

Few things are as crucial for shared understanding and definitions. Also without the knowledge of what specific terms mean and how they apply to different situations, little startup or ecosystem development can take place. There are still many misused or misunderstood terms. These terms often prove critical in developing startups and startup ecosystems.

The term startup has no official definition anywhere in the world; there are several things to take into account while choosing a description for a specific use case in an organization, business, city ecosystem, etc., to keep it more logically positioned in other commonly appearing definitions and by comparing it with use of other often related terms, for reasonable and logical separation also for those individuals trying to understand the use and meaning of the term when looking from outside in.

​An entrepreneur is an individual; the startup is an entrepreneurial team. However, frequently electronic media wishes to highlight individual entrepreneurs over the sides, and also team members may prefer not to be very visible. A start-up is not a smaller version of big business. But an “organization formed to search for a repeatable and scalable business model.”