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> While that's true, they seem to be saying that being a startup is not an immutable trait of a company, but rather a phase, and that any side project or solo b
by edanm 8y ago
> While that's true, they seem to be saying that being a startup is not an immutable trait of a company, but rather a phase, and that any side project or solo business could enter the startup phase at any time.
I mostly agree with you, but I don't really agree with this idea. I mean, theoretically, yes, it's true - but I still think it makes sense to differentiate between a new restaurant, and someone trying to create a new technology product/company with billion dollar potential.
And this is what investors are looking for, too, which is why only this kind of startup gets VC money.
- JangoSteve 8y agoAgreed, but I don't think we're arguing that small businesses, like restaurants, want VC money and don't get it. I also don't think we're necessarily talking about the fact that small businesses don't get media attention. Instead, we're just talking about the fact that the media focuses on the companies taking VC money, while the growth-oriented, profitable startups (i.e. not restaurants) build companies with much less attention from the media.