Types of Startups: Startup as a clear and complete concept may be defined in different ways, but in general, a startup can be defined as a young, innovative and growing company or organization that uses technology. And innovation tries to solve a problem or improve a basic need in the market. There are different types of startups that we will explain below. Also, to read more articles about business organization, you can refer to the articles page.
Definition of Startup
Startups are generally launched with the aim of rapid and influential development and growth in various fields. They are usually creating innovative products and services and are differentiated by various classifications such as type of business, size and scope of activity, target market and other factors.
The most important characteristic of startups is to focus on growth and scalability. From the very beginning, they strive to be improved and expandable, and seek to achieve an impact and a prominent position in their respective market.
Classification of Startups
In general, startups are small companies that are launched with the aim of creating an innovative product or service and often face limited financial and human resources. In the following you can find some types of startups:
Technology Startups: These types of startups are formed to create and develop new technologies based on advanced technologies. Examples of this category include information technology startups, artificial intelligence technology, robotics, and the Internet of Things.
Service Startups: These types of startups offer innovative and new services to customers. Examples of this category include online reservation startups, fast food delivery, and technology-based financial services.
Manufacturing Startups: These types of startups produce physical products. Examples of this category include start-ups producing electronics, smart transportation and health products.
Social Startups: These types of start-ups are formed with the aim of solving social problems and improving the living conditions of society. Examples of this category include startups based on social rehabilitation, charity and environmental improvement.
Creativity and Investment Startups: These types of startups create content and services related to art, design and investment. Examples of this category include film making startups, website design, and venture capital firms.
This division includes only some types of startups, and each startup can be placed in several categories or have special details. Also, innovation and various factors play a role in the classification of startups.
Types of Startups according to Steve Blank
As an entrepreneur and startup expert, Steve Blank has developed various theories and models. Steve Blank, in a broader sense, points to six types of startups. This classification includes the following:
“Life Style” Startups:
These types of startups are formed with the aim of creating a small and balanced business to meet financial needs and personal life. These startups are generally launched as a second job or personal project to improve the quality of life.
“Small Business” Startups:
These types of startups seek to create a sustainable and profitable business on a small scale. They focus on serving the needs of a narrow market and strive to realize growth and development in their particular category.
“Scalable Business” Startups:
These types of startups are formed with the aim of creating a large and scalable business in wide markets. They seek to use models and strategies that allow them to grow quickly and develop predictably.
“Buy-able” Startups:
These types of startups are formed with the aim of creating a business that can be sold and bought by other companies or big investors. They focus on developing a unique and attractive product or service for large buyers.
“Large Company” Startups:
These types of start-ups are the gateway that large companies use to enter new markets and innovate. They may operate in new fields using disruptive strategies or parallel businesses.
“Social” Startups:
These types of startups are formed with the aim of solving social problems, improving living conditions and creating a positive social impact. Instead of economic punishment, they consider social change in their plans.
The Difference between Startups in the Past and Now
The difference between startups in the past and now is due to the changes that have occurred in the field of technology, economy and global societies. Below, I will mention some of these changes and differences:
Technology:
One of the fundamental changes is the widespread use of technology. In ancient times, access to technology and related resources was limited. But today, with the advancement of technology and the Internet, startups can use digital tools and services and easily access the necessary resources and data to realize their dreams.
Investment and Supply of Resources:
In the old days, providing financial resources for startups was challenging and they mostly had personal resources or a limited number of private investors. But today, with the expansion of the startup space and the existence of foundations, investment companies, and even online financing facilities, startups can easily get the financial resources they need.
Change in Business Model:
In the past, business models were usually traditional and local. But today, with the increase of e-commerce and the use of digital business models, startups can target international markets and operate widely and globally.
Time and Geographical Restrictions:
In the past, launching a startup required a physical location and local resources. But today, with the advancement of communication technology, startups can choose anywhere in the world as their place of business and communicate with colleagues and international customers.
Startup Culture:
Startup culture has been widely accepted in global societies. Today, many young people and entrepreneurs are eager to start a startup, and there is a space for the development and progress of startups.
These differences are only some of the factors that describe the difference between startups in the past and now. Also, each startup may face certain differences based on its innovations and its surrounding environment.
Up to Sum
Startups generally operate in dynamic and competitive environments and have entrepreneurial spirit, creativity and courage. They may face limited financial resources and manpower, but they try to achieve success and growth by using unique strategies and strategies. In this article, we explained the types of startups from Steve Blank’s point of view and their differences in the old and new times. Stay with the specialists of Uprodemy website to get business advice and international trade.
