"Startups are NOT just smaller versions of larger companies", Steve Blank. The distinction between a [[startup]] and a large [[company]] is crucial because while large companies focus on execution, startups are primarily engaged in a search process. This search involves discovering a viable business model, understanding customer needs, and iterating on product development. ## Activites - Watch the video [What We Now Know](https://youtu.be/GUxyQ6Mj_kc) about the process of building startups - Watch the video [History Of The Corporation - How to Build a Startup - YouTube](https://youtu.be/Ilk5xAoKVqk) - Watch the video [Startups Are Not Smaller Versions Of Large Companies - How to Build a Startup - YouTube](https://youtu.be/k1izZrxR9Lg) Next: [[Business plan versus business model]] Back to [[Key Concepts on EITT]]