What is a Startup?
Startups are not like any other small companies in one crucial aspect: it is not enough for a startup to stay stagnant and generate steady income. Instead startup founders and teams aim for one thing, and one thing only: growth. A startup is by definition a company that is designed to grow. However, what growth is and how it looks like depends on the phase the startup is at in the Startup Financing Cycle. In the first phases startups often lose money while growing their customer base, team and/or valuation, whereas in the later stages after breaking even growing revenue is the key.