A startup or start-up is started by
individual founders or entrepreneurs to search for a repeatable and scalable
business model. More specifically, a startup is a newly emerged business
venture that aims to develop a viable business model to meet a marketplace need
or problem. Founders design startups to effectively develop and validate a
scalable business model.
Hence, the concepts of startups and
entrepreneurship are similar. However, entrepreneurship refers all new
businesses, including self-employment and businesses that never intend to grow
big or become registered, while startups refer to new businesses that intend to
grow beyond the solo founder, have employees, and intend to grow large
Start-ups face high uncertaint, and do have high rates of failure, but the
minority that go on to be successful companies have to potential to become
large and influential. Some of startups become unicorns, i.e.
privately held startup
companies valued at over $1 billion. According to TechCrunch, there were 279
unicorns as of March 2018, with most of the unicorns located in China, followed
by the United States. The largest unicorns founded as of October 2018 included
Ant Financial, ByteDance, Didi Chuxing, Uber, Xiaomi, and Airbnb.
1. What is startup?Questions
2. How is the concept of startup?
3. What is a unicorn?
4. How many unicorn in the world until now?
5. What is the biggest unicorn in Indonesia?
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