A “startup” is a new business venture in its initial stages of operation. It is typically described by a limited operating history, a small number of employees, and a lack of substantial revenue. Startups are often focused on inventing and commercializing new and innovative products or services. They are typically financed by a combination of personal savings, angel investors, and venture capital firms. Startups are known for their high risk and possibility for high reward, as they aim to quickly grow and become successful companies.

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