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startup company
A startup company or startup or start-up is an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are innovation in a process of development, validation and research for target markets. The term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded.〔 Due to this background, many consider startups to be only tech companies, but this is not always true: the essence of startups has more to do with high ambition, innovativeness, scalability, and growth.
==Definition==
Steve Blank and Bob Dorf define a startup as an "organization formed to search for a repeatable and scalable business model." In this case, the verb "search" is intended to differentiate large, i.e. highly valued, startups from small businesses, such as a restaurant operating in a mature market. The latter implements a well-known existing business strategy whereas a startup explores an unknown or innovative business model in order to disrupt existing markets, as in the case of Amazon, Uber or Google. Blank and Dorf add that startups are ''not'' smaller versions of larger companies: a startup is a ''temporary'' organization designed to ''search'' for a product/market fit and a business model, while in contrast, a large company is a ''permanent'' organization that has already achieved a product/market fit and is designed to ''execute'' a well-defined, fully validated, well tested, proven, verified, stable, clear, un-ambiguous, repeatable and scalable business model. Blank and Dorf further say that a startup essentially goes from failure to failure in an effort to learn from each failure and discover what does not work in the process of searching for a repeatable, high growth business model.〔Blank, Steve and Dorf, Bob (2012). ''The Startup Owner's Manual,'' K&S Ranch (publishers), ISBN 978-0984999309〕〔Blank, Steve (2008-2015). (Blog ) on entrepreneurship〕〔Blank, Steve (2013). (What I Wish I Knew About Startups - Steve Blank, Consulting Associate Professor at Stanford University ) (video, 30-min). The audience is composed of the CEOs of the portfolio companies of ''Khosla Ventures.'' Talk given in May 2013, posted on the official You Tube channel of ''Khosla Ventures'' in May 2014〕〔Blank, Steve (May 2013). (Why the Lean StartUp Changes Everything ), in ''Harvard Business Review''〕
Paul Graham says that "A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit". The only essential thing is growth. Everything else we associate with startups follows from growth." Graham added that an entrepreneur starting a startup is committing to solve a harder type of problem than ordinary businesses do. "You're committing to search for one of the rare ideas that generates rapid growth."〔Graham, Paul (September 2012). ''(Startup Equals Growth ),'' in Graham's ''(Essays )'' on entrepreneurship〕
Aswath Damodaran stated that the value of a startup firm "rests entirely on its future growth potential." His definition emphasizes the stage of development rather than the structure of the company or its respective industry. Consequently, he attributes certain characteristics to a startup which include, but are not limited to, its lack of history and past financial statements, its dependency on private equity, and its statistically small rate of survival.〔Damodaran, Aswath (April 2012). ''Investment Valuation: Tools and Techniques for Determining the Value of Any Asset'', Wiley, ISBN 978-1118011522, 3rd edition〕〔Damodaran, Aswath. (Blog ) on valuation, corporate finance and related issues〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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