What’s the difference between a “startup” and just a new company?
In: Economics
Yep, there’s no strict definition, but “startup” is typically a tech-forward company focused on fast growth and disruption.
Example. You love baking so you decide to open a bakery. You are starting up a bakery, that is a business, but no one would call that a startup. If, on the other hand, you found a company that buys a bunch of storefronts across different cities and then connects a bunch of cottage bakers in those areas using the Internet in order to stock those stores with bakery products, that’s a startup.
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