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My personal definition of the term startup is "A relatively new business in search of a business model." In many cases, this search requires venture capital bu
by BjoernKW 7y ago
My personal definition of the term startup is "A relatively new business in search of a business model."
In many cases, this search requires venture capital but in some it doesn't.
A startup can very well be a lifestyle business. For example, I'd consider many of the companies listed on Indie Hackers to be startups. Only a minority of those has taken venture capital.
- _frkl 7y agoHas any? I thought that was the point of the 'indie-' part...
- BjoernKW 7y agoThere are some that have done so: https://www.indiehackers.com/products?funding=vc https://www.indiehackers.com/products?funding=vc
- em-bee 7y agosteve blank defined a startup as "an organization in search of a business model". so yes, i'd say you are spot on.