Startups aim to build on ideas very quickly.

This also points to another key factor that distinguishes startups from other companies: speed and growth. In turn, this delivers a scale individual restaurants canвЂ™t touch: tens of millions of potential customers, instead of thousands. In the food industry, that may mean offering meal kits, like Blue Apron or Dinnerly, to provide the same thing as restaurants-a meal prepared by a chef-but with convenience and choice that sit-down places canвЂ™t match. A startup, on the other hand, aims to create an entirely new template. That is, they work from an existing template of how a business should work. A prospective restaurant owner may franchise an existing restaurant. Regular companies duplicate whatвЂ™s been done before. What distinguishes a startup from other businesses, though, is the way a startup goes about doing that. A group of employees work together to create a product that customers will buy. On a high level, a startup works like any other company. You may be most familiar with startups in Big Tech-think Facebook, Amazon, Apple, Netflix, Google, collectively known as FAANG stocks-but even companies like WeWork, Peloton and Beyond Meat are considered startups.

ThatвЂ™s why many startups are known within their respective industries as вЂњdisruptors.вЂќ Startups are rooted in innovation, addressing the deficiencies of existing products or creating entirely new categories of goods and services, thereby disrupting entrenched ways of thinking and doing business for entire industries. Startups are young companies founded to develop a unique product or service, bring it to market and make it irresistible and irreplaceable for customers. Whether they want to change the world or simply make their business vision a reality, startup founders dream of giving society something it needs but hasnвЂ™t created yet-and doing it at scale.ДЇor the less industrious, startups also have another appeal-eye-popping valuations that hopefully lead to an initial public offering (IPO) with an astronomical return on investment.

Startup company game