founded (verb)
To take the first steps in building or establishing something, such as a company, city, or organization. It can also mean to base an idea, argument, or feeling on a specific principle or ground.
"Steve Jobs founded Apple in his garage."
Think of a 'Foundation' (the bottom of a house). To 'found' a company is to build its 'foundation'. FOUN-Dation = FOUN-D...
I founded my lost keys yesterday. → I found my lost keys yesterday.
The company was founded on 2005. → The company was founded in 2005.
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