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> What's the difference? In my mind a startup is just a newly established business, but you seem to have a different vision? A commonly accepted answer to this
by lelanthran 2y ago
> What's the difference? In my mind a startup is just a newly established business, but you seem to have a different vision?
A commonly accepted answer to this question is "The exit strategy does not involve 100X[1] valuation"
[1] Pick the appropriate multiplier.
- 9rx 2y agoThe dictionary defines startup as: "a newly established business." Your take is typical on HN, but not the common interpretation.
- lelanthran 2y ago> Your take is typical on HN, but not the common interpretation. TBH, it appears to be the commonly accepted answer to the question asked, but that doesn't mean it's a commmon interpretation. To be even more honest, I'm not really sure how I'd classify the difference either; there's a lot of blurring of lines there.
- datavirtue 2y agoIf you are dealing with funding rounds and recaps, you are a startup. I know of one that is twenty years old.
- Scarblac 2y agoBut then, this is HN.
- 9rx 2y agoHence the hourly reminder that most people don't think like the HN crowd does.