3 ms·
> Apple? HP? Pretty much every Silicon Valley company that started with one or two guys in in a garage? I mean, Steve Blank's definition as semi-quoted by me i
by edanm 8y ago
> Apple? HP? Pretty much every Silicon Valley company that started with one or two guys in in a garage?
I mean, Steve Blank's definition as semi-quoted by me included "or were trying to build a unique product <> business model". I think it's safe to say that Apple was trying to build a unique product <> business model, as was HP.
In any case, a new law firm is a new company. So were Apple and Facebook. I think it makes sense to differentiate between them, and Steve Blank's definition seems to be the best to me (it focuses on what actually makes all the difference - the amount of foreknowledge you have on the market fit of your product).
> The definitions of "startup" and "unicorn" seem to be forever evolving.
Unicorn is actually a pretty well-defined term in this context. And it's really new, too, something like 5-8 years old if I remember correctly. A private company with a valuation of more than 1 billion dollars..