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There are several definitions of the word. This company fits one, often used by VCs and the media, which is that a startup is a company still developing a produ

There are several definitions of the word. This company fits one, often used by VCs and the media, which is that a startup is a company still developing a product, either with no revenue of not enough to cover its expenses, and funded by external investments. My personal definition is a company which is still looking for a product-market fit.

freediver 5y ago
> often used by VCs and the media, which is that a startup is a company still developing a product, either with no revenue of not enough to cover its expenses, and funded by external investments. It would imply that a bootstrapped business can not be a startup. > My personal definition is a company which is still looking for a product-market fit. My first company became profitable on the night of the launch thanks to incredible product-market fit. Showing up to work the second day surely felt like still working in a startup, although product-market fit search was already behind us. Personally, I define startups to be business ventures where the rate of change and the freedom to take sudden turns is still high.
- BerislavLopac 5y ago
  > It would imply that a bootstrapped business can not be a startup. And it isn't, at least by that definition. > Personally, I define startups to be business ventures where the rate of change and the freedom to take sudden turns is still high. This is also a good definition. My point is that we need to keep in mind that not everyone thinks of the same definition when using the same words.