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Although most people are given the intellect to distinguish right from wrong at an early age, ethical development cultivates throughout life, and occurs at different periods of growth as people mature and pass through different stages of their life. In today’s world, ethical standards is constantly redefined and exhausted in today’s literature that one may be lured to consider them as mere and simple commonsense. Corporates all around the world develop and implement code of ethics but only recently stern attention has been devoted to the rising ethical problems that are confronted by startups and their founders. The question stands valid, what is the role that ethics play in startup organizations?