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Tech startups are companies that employ either new or existing technologies to create innovative products or services. They can also be companies that adopt innovative models with disruptive characteristics, changing the traditional approaches to business and organizational activities. Tech startup businesses have been recognized as significant contributors to a nation's economic growth, impacting the Gross Domestic Product (GDP) and employment rates. Globally, Silicon Valley stands as a hub for numerous major technology, software, and internet companies such as Apple, Visa, Meta, and Google, making it one of the wealthiest regions in the world. These companies have evolved from tech startups into massive multinational tech corporations, revolutionizing their respective fields, bolstering the economy, and generating employment opportunities.