Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Startups?
Summarize this article for a 10 years old
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses, including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential.