Good day friends, I hope your day went/is going as planned?
You're welcome to today’s episode of the #100daysofVC series.
In today's episode, we’ll discuss what exactly a startup is, in a relatable way.
According to Wikipedia a startup company is: “A startup company or startup is a business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model.
[1]These companies, generally newly created, are in a phase of development and research for markets. The term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded.
[2] Due to this background, many consider startups to be only tech companies, but as technology is becoming a normal factor, the essence of startups has more to do with innovativeness, scalability and growth”.
Source: https://en.wikipedia.org/wiki/Startup_company
Unlike perception of people, a Startup to me is not a business ……
A startup is an organization in search of a business. So a Startup is the part of the process of creating a business before it has found a reliable, predictable revenue model
While a “Tech Startup” is:
"an organization formed to search for a repeatable and scalable business model, that is potentially producing and selling technological products - whether those are software, hardware or both".
So when you see Bumpa, Quidax, TalentQl and other startups raising money, it simply means they are in need of it to make more iterations in search of a repeatable and scalable business model, grow and expand to more addressable markets.
That’s it for today.
See you tomorrow 😍.