startup

  

Definition

Early stage in the life cycle of an enterprise where the entrepreneur moves from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading.

Use startup in a sentence

  • You may want to make a small investment in a startup if you believe that it has a chance to hit it really big

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  • I was really excited with our startup because we had a lot of motivation and dedication that would take us to the top.

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  • You may want to make a small investment in a startup if you believe that it has a chance to hit it really big

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Notable Quotes

  • Focus on Your Users, not Potential Acquirers
    "Building your startup with a goal of getting acquired is foolishness anyway, in my opinion. Smart people disagree with me on this, but I'll make my case in two points:
    Big companies don't want to buy startups that want to get bought. Instead, big companies buy startups that have built something of value that they decide is important to them.
    You can't possibly guess what things of value big companies are going to want to own in one or two or three years. The world is changing too fast -- witness the Microsoft hostile bid for Yahoo itself! -- and besides, big companies are Moby Dick and you can't understand the reasoning behind their decisions anyway.
    Combine those two points with the fact that no big company buys that many startups each year anyway, and it's easy to see that the odds of you successfully anticipating something that a big company is going to want in the future and then actually selling your company to them -- as your strategy -- is a very risky proposition that is highly prone to failure.
    And in fact, in my experience, most startups that start with the goal of getting bought, fail.
    The formula for success in startups is the same today as it's always been, and it will be the same post-Microsoft/Yahoo:
    Build something of value -- something that people want, and something that will be profitable at the appropriate point -- and the world is yours."
    - Marc Andreessen
  • Don't Launch a Startup Right Out of School
    "Often, it makes sense to work for a professional organization (the bigger the company the better) before launching your own business. Doing so will allow you to see first-hand how mature, professional, successful companies handle their affairs - i.e. how do they evaluate employees, how do they analyze their business, how do they set a strategic vision etc. You will learn a number of small details too. Obviously, you don't want to replicate everything you see when you launch your business but there will be a fair amount of things that you do want to take with you."
    - Varun Gulati
  • Run Your Startup Part-Time
    "If you can't make money part-time, you can't make money full-time, so if you have a family to support-DON'T quit your job to start your first venture. Run it part-time and learn all you can about marketing and running a business, and make the shift when the time is right."
    - Alan Brymer

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