“A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of "exit”
— Paul Graham
Simplified Meaning:
A startup is a business meant to expand quickly. Just being a new company doesn't make it a startup. It also doesn't need to be about technology, get funding from investors, or be sold off to another company.
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