That's another reason I find the re-naming of small business to startup so silly. Putting a billion dollar company and a family small business on the same label is silly just because were started recently. Some startups are worth billions the second they are created. Personally I think startups generally stop being called startups when they get old enough or go public. Then they get other labels such as a private company or a public company.
The point of labels is to quickly give a lot of relevant information about some entity. This helps customers, investors, clients, future employees and so on understand the entity quickly.
The point of labels is to quickly give a lot of relevant information about some entity. This helps customers, investors, clients, future employees and so on understand the entity quickly.