Home » Tech Startups Meaning – What are tech startups?
Tech Startups Meaning – What are tech startups?
This is a question that is often asked but with no simple answer. A tech startup is a company working with a purpose of bringing technology products or services to market to solve a problem where the solution is not obvious and success may not be guaranteed. One of the best definition comes from Steve Blank the author of the book “The STartup – Owner’s manual.” He defines startup this way: “a startup is an organization formed to search for a repeatable and scalable business model.”
Wikipedia also defines it as: “A startup company (startup or start-up) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. A startup is usually a company designed to effectively develop and validate a scalable business model. Start-ups have high rates of failure, but the minority of successes include companies that have become large and influential.”