4 ms·
The startup scene has it's own definition of startup. Some, but not necessarily all of the following apply: 1) Younger people 2) Educated (can be self taught
by larrys 11y ago
The startup scene has it's own definition of startup.
Some, but not necessarily all of the following apply:
1) Younger people
2) Educated (can be self taught)
3) College grads or dropped out of college to do a startup
4) Have more to gain than to lose by participating in a startup. (Little assets, [1] not leaving a traditional job but perhaps going from another "startup")
5) Working primarily with other people's money
6) Has the interest and/or money of "angels" "Vc's" or "incubators".
7) Doing something that could get big and stands a high chance of failure. (In other words, not starting an Italian restaurant that's going to be a single location sauce and cheese place)
8) Located or able to travel and possibly relocate to a place that startups are typically. (Silicon Valley, NYC or the other hubs..)
What am I missing? (Please fill in the other things I am almost certainly forgetting).
[1] Unless they have family money or have done a previous startup where they hit the pay window.
- onewaystreet 11y agoThose are aspects of startups but not a definition. The best definition I think is Paul Graham's: "Startup = Growth" [http://www.paulgraham.com/growth.html http://www.paulgraham.com/growth.html]. There are many food delivery services that are just local businesses, not startups. The difference is growth, a startup looks to expand to multiple cities, states, and countries.
- larrys 11y agoI don't disagree with what you are saying and I probably should have not used the word "definition" in that sentence. However the reason I used "definition" was because what comes to mind with SCOTUS and porn,[1] that is "we know it when we see it" in a sense that it can't really be defined in the traditional sense and probably never will be. [1] https://en.wikipedia.org/wiki/I_know_it_when_I_see_it https://en.wikipedia.org/wiki/I_know_it_when_I_see_it
- emmett 11y agoPaul would strongly disagree with the idea that a startup is defined by a random list of traits and that you "know it when you see it". He very clearly defines a startup as a company aiming for (and potentially capable of achieving) a very high rate of growth. Team composition is literally irrelevant.