Innovation distinguishes a leader from a Startup
This line was quoted by Steve Jobs.
Most people use the term βstartupβ in the meaning of any starting business, but letβs still figure out what they really mean.
The term first appeared in Forbes magazine in August 1976. It was introduced to refer to companies that have been operating for a short time. Yet startups emerged in the 1930s in the United States in the Santa Clara Valley. They were involved in high-tech development.
There are several definitions of a startup.
The founder of one of the leading accelerators, Paul Graham, gave this definition:
A startup is a company built to grow rapidly.
Itβs not enough to be a young company to be a startup. But the lack of funding and a developed business model does not prevent them from becoming.
Eric Rees clarified the concept of a startup:
A startup is an organization whose goal is to create products and services in the face of uncertainty.
The generally accepted definition is:
A startup is a newly created company that is in the development stage and is building its business on the basis of newly emerging technologies.
The company does not have to be registered. It also doesnβt have to be an IT company. Only a small part of the companies being opened can be called a start-up. A startup must be unique. If you create something that has already been done before you, this is not a startup.
Largest startups in history:
- Apple β the creation of the first personal computer;
- Google is the fastest and smartest search engine;
- Microsoft is the most popular operating system;
- Facebook is a widely used social network.
The difference between a startup and other companies:
1) Rapid growth
2) Unpredictability of development
3) Scalability
In a short period of time, a startup should grow from a project to a full-fledged independent company. The speed of implementation is an indicator of the viability and investment attractiveness.
Startup development stages:
1. Search: find a scalable business model
2. Fulfillment: the project moves on to increasing the number of clients, achieving a positive cash flow
3. Growth: achieving liquidity
A startup could only have emerged in the twentieth century thanks to the speed of information dissemination. Even Leonardo Da Vinci created many projects that could become a sensation if there were investors. Nowadays, attracting investors is much easier, so your idea can change the world.
