Startup refers to a newly established business, typically characterized by high growth potential and innovative products or services.
Key features of a startup include:
1. Focus on solving a specific problem with a unique solution
2. Often technology-driven or leveraging new business models
3. Seeking rapid growth and scalability
4. Usually funded by venture capital or angel investors
The term "startup" is also used more broadly to describe the early stage of any new venture or project.