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by Alterlife
2773 days ago
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https://en.wikipedia.org/wiki/File:Startup_Financing_Cycle.p.... If you look at the above graph on startup financing cycle, it starts before there is any investment -- with cofounders and an idea. The terminology and process beyond that point comes from MBAs and money men. A VC will probably invest in any company that will satisfy whatever objective they have for investing.
This is a 24 hour project sprint by a founder. If it gets the right eyeballs, the idea is well on its way to becoming a startup. The hashtag #24hourstartup is good branding that conveys that. |
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You're one of the few who "gets it".
I don't think anyone who participated actually believes they made a startup. Startup just implies something greater than project and start-to-monetization.
It's absolutely a misnomer and even Pieter who largely popularized the "Startup in <time>" idea even admits it, it's all a marketing ploy for laypeople to get it instantly.