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What exactly is the contradiction? The only contradiction I see is in your comment. Which is it; an oxymoron or a gross exaggeration? Very few startups ever
by yo-mf 14y ago
What exactly is the contradiction? The only contradiction I see is in your comment. Which is it; an oxymoron or a gross exaggeration?
Very few startups ever achieve the billion dollar threshold. They are acquired or plateau or fail or become a middling public company. In fact, very few businesses across any industry ever reach this milestone. So setting the bar for a startup at a billion dollars is still a fairly audacious goal and sets up the premise of the article which is creating a massively successful company with a minimal number of employees.
- lutusp 14y ago> What exactly is the contradiction? The contradiction lies between the terms "billionaire" and "startup". Startups are not billion-dollar enterprises, and billion-dollar enterprises are no longer startups. They're mutually exclusive. > Very few startups ever achieve the billion dollar threshold. Yes, and if they do, they're no longer startups -- it takes too long. > So setting the bar for a startup ... That is a different thing entirely. Setting a goal of becoming a billion-dollar company at some point in the future, doesn't justify describing the company as a "billion-dollar startup." It would be like calling a baby an "Olympic-class infant," based solely on expectations for the future. > and sets up the premise of the article ... The premise of the article is to conflate two mutually contradictory states -- startup, and billion-dollar enterprise.