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by PopeDotNinja
2773 days ago
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I've never seen a definition of a startup that I like. Here's my personal sniff test... To me, a business is an entity with paying customers. To me, a startup is an entity that wants paying customers before it has them, or has them now but once did not (and it remains a startup until people stop calling it that). |
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99% of business in this situation, you would never call a startup.
New law firm.
New dental office.
Your uncle started doing roofing, asks your little brother to work his summer off from Uni with him on roofing.
A new golf course installed in a coastal area.
A 50 new homes going up in the suburbs.
The empty spot on the corner is now a little corner store - beer, wine, chips.
New taco restaurant down the street.
Nobody is calling these situations (i.e. the vast majority of new business) 'startups. So clearly there is a kind of de-facto popular lexicon - and it's not 'startup'.
And many new businesses are just called new businesses. Like the guy who started selling modified skis at the ski resort. That's usually referred to as 'small business'.
A group of people doing some kind of new thing who are maybe not seeking funding but could possibly seek VC funding ... this is more in the realm of what we call 'startup', wherein there is generally a larger market opportunity, and possibly higher growth ... this is startup.