There are so many definitions/descriptions of the word “startup”. It is almost an enigma, something that cannot be clearly defined or understood. Neil Blumenthal, co-founder and co-CEO of Warby Parker defined a startup as a company working to solve a problem where the solution is not apparent and success is not guaranteed.. The American Heritage Dictionary suggests it is “a business or undertaking that has recently begun operation.” The business dictionary says it is the stage in the life cycle of an enterprise where the entrepreneur moves from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading. According to Wikipedia,
Business and technology have one thing in common- they exist to create solutions. The underlying mission of every business owner or entrepreneur is to recognize what consumers want and design the means of meeting them. The essence of technology is to create solutions for human needs. Now, it goes without saying that business and technology will make a great symbiotic relationship. Businesses will need to use technology to accomplish their goals and mission. In fact, these days it is challenging for a business to gain a competitive advantage, not to mention experience an increase in Return on Investment (ROI), without using technology. Now, technology doesn’t exactly have a good reputation; m
