A startup is a newly established business, often in its early stages of development. These companies typically focus on innovative products or services and aim to grow rapidly. Startups often seek funding from investors to help them scale their operations and reach a larger market. Many startups operate in the technology sector, but they can be found in various industries, including healthcare, finance, and consumer goods. Entrepreneurs, or individuals who start these businesses, often take significant risks in hopes of achieving high rewards. Successful startups can eventually become well-known companies, like Uber or Airbnb.