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"Hey, I worked on a project for a few hours, give me funding" Please folks - we need new terminology. This initiative is all fine and good, but maybe we need
by sonnyblarney 8y ago
"Hey, I worked on a project for a few hours, give me funding"
Please folks - we need new terminology.
This initiative is all fine and good, but maybe we need new words, because these are not startups.
This seems more to fit the term 'Hackathon' than anything.
'Microstartup'?
'Microproject' ?
'Microfab' ?
'Micro-op' ?
Ok maybe not so great ...
Something that communicates that it is authentic and innovative, but at the same time, that it's a small, maybe individual, project oriented effort.
Someone on HN has the power to make these memes stick :)
- colordrops 8y agoOr just call them startups if that's what they are. If someone is starting a business selling something then it's a startup, no matter how small initially.
- sonnyblarney 8y agoI'm not sure I agree. What you're describing is 'business'. A startup is a company that's focused on something innovative and effectively high growth - something a VC could invest in. Nobody is referring to the new Taco restaurant down the street as a 'startup' even though their revenues will be more than $1 M this year. VC only makes sense in high growth businesses with large markets. Otherwise they are just businesses. And 'an afternoon of coding' isn't really even that either - it takes more effort just to do the proper incorporation. So these words I think have meaning. 'Project' as the commenter described is apt ... but I wouldn't be surprised if some kind of 'word' emerged that caught all the hype and was overused.
- PopeDotNinja 8y agoI've never seen a definition of a startup that I like. Here's my personal sniff test... To me, a business is an entity with paying customers. To me, a startup is an entity that wants paying customers before it has them, or has them now but once did not (and it remains a startup until people stop calling it that).
- sonnyblarney 8y agoI'm not sure I agree at all. 99% of business in this situation, you would never call a startup. New law firm. New dental office. Your uncle started doing roofing, asks your little brother to work his summer off from Uni with him on roofing. A new golf course installed in a coastal area. A 50 new homes going up in the suburbs. The empty spot on the corner is now a little corner store - beer, wine, chips. New taco restaurant down the street. Nobody is calling these situations (i.e. the vast majority of new business) 'startups. So clearly there is a kind of de-facto popular lexicon - and it's not 'startup'. And many new businesses are just called new businesses. Like the guy who started selling modified skis at the ski resort. That's usually referred to as 'small business'. A group of people doing some kind of new thing who are maybe not seeking funding but could possibly seek VC funding ... this is more in the realm of what we call 'startup', wherein there is generally a larger market opportunity, and possibly higher growth ... this is startup.
- PopeDotNinja 8y agoA law office can be a start-up. "I want to start up a law office." Words (in English) require context to have much meaning. Startup could certainly mean "investor fueled boom or bust hypergrowth ambition rocket" at a YC demo day. Or it can simply mean a company one started. I'd argue that a trait shared by many startups is talking about themselves in the best light possible to get people focused on their future potential, and to me that leaves room for considering a bunch of mega success wannabes cranking out code on Twitch as startups in a startup competition. Shipping, failing fast, getting feedback, pitching... They all sound like startups to me, so that's what I'll call them. May the best startup win!
- sonnyblarney 8y ago'Startup' is a noun. It's not "I want to start up something". In reality, nobody is calling their new law firm a startup. Nobody is referring to said law firms as startups. Now - if it's a specialized kind of firm that sells services online, like a 'law marketplace' or something, maybe they will call it a startup. Yes - the term startup is quite varied ... However, the vast majority of business generally don't apply, so there is at least some kind of 'critical mass' to what we mean bu the word. Generally 'a business' is not 'a startup'.
- deleted 8y ago[deleted]
- ravenstine 8y agoEveryone deaperately wants to be able to tell people that they've created a "startup".
- robbiep 8y agoWhat is the startup doing heartbeat generated art selling? I agree 100% with OP, the term startup has been totally devalued by this trend towards ‘everything is a startup’, when a lot of things (such as some of these projects) would be better described, and I think receive better recognition, if they were considered cool projects or units of work. Some of them may morph into businesses but it is disingenuous to try and call everything a startup. I see it as part of a deeper trend where fake-it till you make it/style over substance world where ‘everyone is an entrepreneur’. I get that some degree of faking it is necessary, maybe the product doesn’t exist, maybe elements of it are done by hand rather than automated, and clearly some degree of this is necessary. But too much of it as an ethos devalues the entire ‘innovation culture’ My 2 c
- drngdds 8y ago"Project"
- Alterlife 8y agohttps://en.wikipedia.org/wiki/File:Startup_Financing_Cycle.p.. https://en.wikipedia.org/wiki/File:Startup_Financing_Cycle.p.... If you look at the above graph on startup financing cycle, it starts before there is any investment -- with cofounders and an idea. The terminology and process beyond that point comes from MBAs and money men. A VC will probably invest in any company that will satisfy whatever objective they have for investing. This is a 24 hour project sprint by a founder. If it gets the right eyeballs, the idea is well on its way to becoming a startup. The hashtag #24hourstartup is good branding that conveys that.
- madamelic 8y ago>The hashtag #24hourstartup is good branding that conveys that. You're one of the few who "gets it". I don't think anyone who participated actually believes they made a startup. Startup just implies something greater than project and start-to-monetization. It's absolutely a misnomer and even Pieter who largely popularized the "Startup in <time>" idea even admits it, it's all a marketing ploy for laypeople to get it instantly.
- c3534l 8y agoI don't think the problem is that we don't have enough buzzwords, but that the ones we already have are largely meaningless and pointless.
- michaelgrafl 8y agoI would call this building MVPs.
- avip 8y agoIt used to be called "a website". And you don't "launch" it just publish it. website != product && product != business. But props to these guys for focusing 24h on their side-projects and for the one I've browsed with very impressive results.
- madamelic 8y ago>these guys *People. Women participated too. ;)