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If you follow Ries' definition (which seems to be the most accepted and popular), those don't count as startups though.
by GuiA 15y ago
If you follow Ries' definition (which seems to be the most accepted and popular), those don't count as startups though.
- yurylifshits 15y agoAt some point they all were startups. These companies follow very different trajectory than classic high-tech ventures. First, they raise little round to build a single city high-margin unique/defensible product. Then they raise big bucks to go global. It's not about terminology. Local-to-global is an important and a bit YC-neglected strategy to build a great company that changes the world.