Startup

Start-ups are new companies that are trying to get their feet off the ground and create a solution to a specific problem. 

Searching on the Internet is hard. Enter Google.

Sharing every single thing you do to everyone you know and even some strangers is hard. Enter Facebook.

School is boring. Enter Shmoop.

And yes, in the case of some wide-eyed recent college grads, the problem is "empty bank account for founders."

Example

You realize that your granny and her friends have a hard time getting around. You set up a driver service that pairs cash-strapped college students with grannies who need to get someplace. You don't know whether it's going to work, it solves a problem, and it's a new company—check, check, and check for start-up land.