3 ms·
There's absolutely nothing wrong with a profitable small business that can sustain its founders. I've done it, I think it's great. I'm just saying that lifesty
by il 14y ago
There's absolutely nothing wrong with a profitable small business that can sustain its founders. I've done it, I think it's great.
I'm just saying that lifestyle business!=startup.
There's some confusion about the definition of a startup.
Nobody would argue that a sandwich shop that makes $200K a year is a startup, but some people would call a SaaS webapp making $200K a year with no plans for rapid growth a startup.
This article specifically applies to startups.
- josephlord 14y agoPersonally I'd call both startups for the first 2-3 years of business.