Tech Startup

A tech startup is a company whose purpose is to bring technology products or services to market. These companies deliver new technology products or services or deliver existing technology products or services in new ways.

It is a business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are in a phase of development and research for markets. But there is bad fear and good fear.Tech Startup

The good type makes entrepreneurs realize that there are prices to pay for any venture. Concern about wasting money drives them to make detailed business plans, test assumptions, and carefully watch results over time for signs that they need to modify their businesses.

In this instance, a few can be named:

Hired – A selective recruiting site (Hired reps told me they accept only 5% of the candidates who apply), that allows people to anonymously receive from prospective employers interview requests that include salary and equity offers, so that people do not waste time interviewing for firms that will not offer acceptable compensation packages.

Kukun – Provides estimates as to what a home renovation should cost in a particular market, and allows professionals to bid on the job based on those estimates.

Landit – A technology platform and service that helps women proceed and pivot along their career paths by providing expert coaches and other sources of advice, as well as access to various tools and other resources. Landit helps women create a “personal professional playbook,” and aims to “increase the success and engagement of women in the workplace, and to enable enterprises to attract, develop, and retain high-potential diverse talent.” etc

So, in other words, Tech Startup term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded. Due to this background, many consider startups to be only tech companies, but as technology is becoming a normal factor, the essence of startups has more to do with innovativeness, scalability and growth.