I can say from experience that calling yourself a startup give you certain leeway to stupid 'requirements' like 'having 5 senior software devs on the project. B

I can say from experience that calling yourself a startup give you certain leeway to stupid 'requirements' like 'having 5 senior software devs on the project. Big companies do this just on paper but if you are small, even though no longer a startup, you can get away with such requirements by calling yourself a startup. Also, if your company (if it's small enough) does 'relatively' small jobs a lot of clients pay faster and with less hassle than normal.