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“Founded a startup” is absolutely but trivially correct because every company is a startup by any definition in the immediate aftermath of its founding. The que
by elgenie 6y ago
“Founded a startup” is absolutely but trivially correct because every company is a startup by any definition in the immediate aftermath of its founding. The question is just about what criteria make sense for declaring that a company has graduated from a startup to an established company.
Criteria like “founded in the last Y years”, “has fewer than N employees”, “has market cap under $X”, “is in a fresh/hot industry” alone or in combination end up including dramatically different sets of companies.
- lolcopterpilot 6y agoI don't agree. Startup has a fairly specific task or operating style that is irrelevant to its size and age and number of employees. A startup is a company that is experimenting with ideas and its main goal is to validate a business model. If those business models can't be validated in a certain amount of time, the company should shut down. If a business model is validated it needs to be implemented and the company is no longer a startup. You can be a 0-day 1-person company but if you have a business model and an operating structure, you're not a startup. Most companies are started on a specific business idea and planned to run for long term on that idea. Those are not startups.
- majewsky 6y agoWhere do you draw the line for "validating a business model"? Uber was founded 11 years ago. How long do you need to validate the business model of a taxi app? AirBNB was founded nearly 12 years ago. How long until they're done validating the business model of letting people rent apartments over a website?