A startup is a young company that is characterized by two features: It has an innovative business idea and is founded with the aim to grow rapidly.
Often startups act in a young or not yet existing market. In most cases these are companies in the technology and internet sector. Usually a company is a startup the first three years after it has been founded. In individual cases, the phase will be extended to up to five years.
The startup scene is booming in Paris. In the last year alone, young companies have received around two billion euros in startup money. The city is considered one of the first addresses in Europe, although France is not an ideal country for startups.
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