A startup company (startup or start-up) is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. A startup is usually a company designed to effectively develop and validate a scalable business model.
A startup is for brick and mortar businesses only.
The text doesn't state this either way. It could be only for brick and mortar businesses without knowing the larger context that it's not, if it's only based on facts stated or not stated in the prompt.