Start-ups are entrepreneurial ventures built on the idea that they will solve a problem and where a solution is not prevalent: in other words, they seek to create an impact and in the process, grow as a business. Initially, these ideas can have the potential to become a significant business opportunity and develop during their starting period. But what are the different types of start-ups? In this article we explore the six different types of start-ups from Renderforest, according to Steve Blank
- The Small Business Start-up: These do not necessarily require a big market. Instead, small business start-ups look to run their own businesses.
- The Lifestyle Start-up: These are run by founders who work for themselves to sustain an income.
- The Large Company Start-up: Start-ups come in all shapes and sizes but large company start-ups are more focused on new ideas to serve their customer’s evolving needs.
- The Scalable Start-up: Google, Facebook, Skype and Uber are examples of scalable start-ups. These large companies are built on high growth business models, allowing them to grow in size and reach.
- The Social Start-up: These types of start-ups are social movements aimed to implement solutions with a focus on making the world a better place rather than for creating wealth.
- The Buyable Start-up: Buyable start-ups are as what the name suggests, a product designed and made then sold to larger companies.
