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No this is 100% the point of Venture Capital, and 100% what "startup" actually means. Startup means a moonshot, something that has a 99.9% chance of failure but
by pc86 3y ago
No this is 100% the point of Venture Capital, and 100% what "startup" actually means. Startup means a moonshot, something that has a 99.9% chance of failure but if it succeeds will have a gigantic impact.
Someone working on their $500 MRR form-builder app isn't building a startup, they're "just" building a regular ole business.
Personally I'd much rather build a business than a startup.
- adastra22 3y agoThat’s definitely how VCs work, but startup has a broader meaning than that. Any young business that is still figuring itself out is a startup, even bootstrapped “lifestyle” businesses.