The story of THE START-UP

Having heard a lot about the start-ups, their successes and failures, makes me wonder if we know what a startup is, in real terms? Is start up another name for a normal business? If not so, what differentiates a start-up from an ordinary business? In simple terms, a start-up is a business establishment with high growth especially disrupting the existing market and having low bootstrapping costs, higher risk and potential (return on investment) as its basics. A start-up ceases to be called so once it attains the stage of profitability or when it is publicly traded in IPO or when it ceases to exist as an independent entity by merger or acquisition. When did we start using this word “start-up”? It all started in 1957 in the silicon valley when a dispute arouses between the employees and one of the founders of Shockley semiconductor. The disputed employees departed and formed their own semi-conductor which eventually gained a formidable presence in the sector calling it a start-up. ...