Startup company

A newly established business formed to develop and sell a product or service, often while seeking a scalable business model.

Business model: A plan for how an organization creates, delivers, and captures value. A startup tests how its product can create value and generate sustainable revenue.
Venture capital: Equity financing provided to young companies with high growth potential and substantial risk. It can finance rapid expansion when a startup cannot grow through revenue alone.
Silicon Valley: A region in Northern California known for technology companies, venture capital, and entrepreneurial networks. Its institutions and investment networks became a model for startup ecosystems worldwide.
Small business: An independently operated business that is limited in size by revenue, employees, or ownership structure. Many small businesses seek steady local operations rather than rapid, scalable growth.
Minimum viable product: An early product version designed to test key assumptions with the least development effort. Startups use it to gather evidence before committing to a full product.
Bootstrapping: Building a company primarily with founders' resources and revenue rather than outside investment. It offers an alternative to investor-funded growth and preserves founder control.
Fairchild Semiconductor: A semiconductor company founded in 1957 that became a source of firms and entrepreneurs in Silicon Valley. Its employee-founded spin-offs helped establish a regional culture of company formation.
Lifestyle business: A business designed primarily to support its owner's preferred way of life and independence. Its goals can differ from a startup's pursuit of rapid growth and outside investment.
Customer development: A method for testing business assumptions through direct engagement with potential customers. Interviews and experiments help founders check whether a problem and proposed solution are real.
Startup accelerator: A time-limited program that supports early-stage companies with mentoring, resources, and often seed funding. Accelerators help founders refine their plans and connect with investors.

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