A StartUp is not just any newly founded company. A newly opened bakery shop or kebab shop is not a StartUp. Whether a young company is considered a start-up can basically be determined by three (3) criteria:
First, the start-up develops innovative technologies or is based on an innovative business model.
Secondly, the business model of the start-up is very scalable, i.e. it enables dynamic growth.
Third, the start-up is up to 7 years old.
Author
Sebastian Zang
Sebastian Zang has cultivated a distinguished career in the IT industry, leading a wide range of software initiatives with a strong emphasis on automation and corporate growth. In his current role as Vice President Partners & Alliances at Beta Systems Software AG, he draws on his extensive expertise to spearhead global technological innovation. A graduate of Universität Passau, Sebastian brings a wealth of international experience, having worked across diverse markets and industries. In addition to his technical acumen, he is widely recognized for his thought leadership in areas such as automation, artificial intelligence, and business strategy.
