Startup
/ˈstɑːrtʌp/
Definitions
2 meaningsA newly established business, typically a small business, with an innovative concept or product, often in the technology sector, characterized by rapid growth and the potential for high returns.
/ˈstɑːrtʌp/
A newly formed business venture
The startup received funding from venture capitalists.
💡 Simply: Imagine a brand new company, like a baby business! It's trying to grow up fast, maybe selling cool new gadgets or services. They’re full of ideas and need help to get going.
👶 For kids: A startup is like a brand new company, just starting out! They are trying to make something new or fun.
More Examples
Many startups struggle to survive their first year.
He left his corporate job to join a promising startup.
How It's Used
"Silicon Valley is known for its high concentration of successful startups."
"The tech startup developed a new mobile app."
To begin or initiate a business or project.
/ˈstɑːrtʌp/
To launch or begin (a business)
They decided to startup their own consulting firm.
💡 Simply: To startup something means to begin it! Like starting a new game.
👶 For kids: To startup something is to start doing it!
More Examples
She startup the project with a small team.
He started up his own bakery after attending culinary school.
How It's Used
"He plans to startup a new online retail business."
From the phrasal verb 'start up', indicating the initiation or beginning of something, particularly applied to new businesses in the late 20th and early 21st centuries, possibly influenced by computer programming terms.
The term gained significant traction in the late 20th century with the rise of the personal computer and the internet.
Memory tip
Think of a 'start up' - a business that's just getting off the ground, full of energy and looking for investors.
Word Origin
"To begin or initiate"