Ever heard of a little company called Facebook? 🤔

Well, before it became the trillion dollar juggernaut it is today, Facebook was just a tiny startup founded by a 19 year old Harvard dropout 🌱

A startup is a young private company founded by entrepreneurs to develop a product or service and bring it to market 💡

Startups are often based on an innovative idea or technology that aims to solve a problem in a new way 🔧

One of the key features of startups is their potential for rapid growth 📈

Many startups aim to disrupt entire industries and become the next big thing, like Tesla or Uber 🚗

However, startups also come with high risk 😰

Over 90% of startups fail due to challenges like running out of cash, not finding product-market fit or not being able to scale ❌

To succeed, startups need a great idea, a talented team, the ability to execute efficiently and a lot of luck! 💪

Some of the most successful startups have gone on to become household names and change the way we live and work 🏆

But remember: because startups are private companies, you can’t typically invest in them directly.

Next, let’s learn about the people that invest in startups for a living!