3 ms·
> these aren't startups, they're small businesses trying to > dine out on the glory of the name "startup" without takin > the risk The only difference be
by generalk 15y ago
> these aren't startups, they're small businesses trying to
> dine out on the glory of the name "startup" without takin
> the risk
The only difference between a "lifestyle" business and a "high growth crazy startup" is that in one, you're betting small amounts over a long period of time. If one of your bets fails, you're not broke.
In a more VC-style startup, you're betting most everything up front. Pardon the gambling metaphor, but this allows you to play higher-stakes games, but this also means that when you lose, you lose your whole roll.
They're all businesses, the founders are all entrepreneurs. We're all in this together.