Fast-growing startups, also called scale-ups, are important. Defined as companies that grow to more than $10 million by their 5th year of revenue, they constitute a large chunk of employment and revenue of all startups in their cohort once they reach maturity.
What is the difference between scaleup and startup?
Startup is a term used for a company in its early stages, whereas when a company has already validated its product in the market and has proven its sustainability, then it becomes a scaleup.
What is startup scaleup?
As the term implies, a scale-up is a startup that has grown, that has changed scale. To move to this next stage, the startup must have succeeded in stabilising its business model and industrialising its offer. It has therefore proven its viability.