A startup company is an entrepreneurial venture in the initial stage of its operations. Startups are typically young businesses aiming to grow quickly and meet a marketplace need by developing or offering an innovative product, process or service.
Stereotypically, startup founders have a more casual or offbeat attitude in their dress, office space, and marketing, as compared to traditional corporations. For example, startup founders may wear hoodies, sneakers and other casual clothes to business meetings. Their offices may have recreational features, such as pool tables, ping pong tables and pinball machines, which are used to create a "fun" work environment, stimulate team development and team spirit, and encourage creativity. However, this view is changing as traditional corporations take on 'startup' like characteristics, the definition of 'startup' expands to include more exceptions than the rule. Typical examples of companies that were considered startups at some point include Facebook, Snapchat and GoogleGoogle which are now considered by some to now not be startups as they have crossed a weakly defined threshold of size.
Following Y CombinatorY Combinator, many accelerators with similar models have emerged around the world.
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