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Simple question, Complex answer : What is a STARTUP ?

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Most of know that a startup is like the birth of a new born baby but there were some basic confusions regarding the definition of a Startup.

These were the two questions that have raised some confusion sad and I hope that someone clears the doubt :

1. What is a startup ?
2. When does the transition happen from Startup to a mid-sized company?

I had posted the same question on LinkedIn here and there were some interesting & diversified answers…worth taking a look at it biggrin Your contribution in the form of comments or on LinkedIn would be highly appreciated !!!