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by coldtea 3710 days ago
For 95%+ of small businesses in the world, it's "small businesses with no VC involved, and who intent to stay small" [1].

Startups in the SV notion of the term don't even compare in number, even in the US. Heck, every accounting firm you see, it's such as "small business". Every local grocery store. Every restaurant. Every ice cream parlor. Every jewelry maker. The list goes on and on...

[1] Well, they wouldn't say no to striking it big, but it's not like SV founders dreaming of $10B exit.