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Introduction to the Startup

Ecosystem: How it Works

he term “startup”
has become a buzz-
word in recent years,
with many aspir-
Ting entrepreneurs
looking to enter the startup
ecosystem. But what exactly
is a startup, and how does the
startup ecosystem work? In
this article, we’ll provide an
overview of the startup eco-
system and the key players
involved.

What is a Startup?
A startup is a company that
is in its early stages of de-
velopment and is focused
on creating and bringing a
unique product or service to
the market. Startups are often
characterized by their inno-
vative and disruptive nature,
as well as their potential for
rapid growth. Unlike estab-
lished companies, startups are
typically still developing their
business model, refining their
product or service, and seeking
funding to scale their opera- providers. Investors are individuals or
organizations that provide
tions.
Founders: funding to startups in ex-
The Startup Ecosystem The founders of a startup are change for equity or ownership
in the company. This funding
The startup ecosystem refers the individuals who have the can come from a variety of
initial idea for the company
to the network of individuals, and are responsible for driving sources, including angel inves-
organizations, and institutions its vision and strategy. Found- tors, venture capitalists, and
that support the creation and ers typically have a strong crowdfunding platforms.
growth of startups. This eco- entrepreneurial spirit and are Accelerators and Incubators:
system is made up of a variety willing to take risks to bring Accelerators and incubators
of players, including founders, their ideas to life. are organizations that pro-
investors, accelerators, incu- vide support and resources to
bators, mentors, and service Investors: startups in their early stages of

6 IN THE MIND OF STARTUPS