2. What is a startup?
Startup <3
● High-risk environment
● Low local competition (often high globally)
● Financed by angel investors, government & VCs
➢ Temporary organization searching for business
➢ In best case, world leading company with
billions of revenue; IPO or sold to a competitor
Other small business
● Predictable business environment
● High local competition
● Financed by savings, family, bank loans
➢ Repeating an already proven business model
➢ In best case, steady income