A 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

A 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 (Thus they'd get outdated and overtaken by the competition eventually) So they're still startups because they're looking for that hockey stick growth, don't have a sustainable business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.