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> This article was completely unnecessary because everyone should know by now what a startup entails, and that it is fundamentally unstable, but that doesn't me
by Swizec 8y ago
> This article was completely unnecessary because everyone should know by now what a startup entails, and that it is fundamentally unstable, but that doesn't mean it's not important as a venture and concept.
Strong disagree. Living in San Francisco I often hear the phrase “I work at a small startup, we have just 100 employees”
That is significantly different than what you describe which is more of a 5 to 20 people stage. By the time you have 100+ employees and are hitting proper growth curves, your management can no longer be shit, there has to be mentoring, and there’s little room for shit employees.
- ihuman 8y ago> I work at a small startup, we have just 100 employees Is that even a startup anymore? To me, any company of that size is just a normal company, not a startup.
- detaro 8y agoDepends if you subscribe to the "company just starting out" definition of "startup", or the "burning money for hockey-stick growth" definition.
- bradlys 8y agoA lot of these are still taking venture money and require it to exist. They're usually not profitable or have very low amounts of profit (such a low amount that it wouldn't allow them to chase high growth). Only way for the business to sustain would be to axe a lot of staff but then they wouldn't be able to improve their product. (Thus they'd get outdated and overtaken by the competition eventually) So they're still startups because they're looking for that hockey stick growth, don't have a sustainable business model (one that doesn't require consistent innovation), and require VC money to keep going. Plenty of startups here in the bay with well over 100 employees.