What’s the difference between a “startup” and just a new company?
In: Economics
Most of these comments are totally wrong.
A startup is a new company growing very fast.
That is it. It does not have to be a tech company (yes – you can sell cupcakes and be a startup), it does not need venture funding, and it does not have to even be innovative (though these things often help with growth). Good growth as I see it is 5-7% weekly in the first year, and 3-5x in the following years.
Paul graham explains it well: http://www.paulgraham.com/growth.html
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