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by onion2k
3588 days ago
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In YC language a "startup" is not a business at the start of it's life, but rather a business that is focused on rapid, extraordinary growth. If you have $800k mrr but an intent and a plan to get to $800million mrr, you're running a startup. To that end, if giving 7% equity away to people who can aid you in making your business scale quickly to where you want to be, then it's a good idea to bring them onboard. pg wrote about it a few years ago: http://www.paulgraham.com/growth.html |
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