4 ms·
where does the startup end and the small business begin?
by thrown-0825-1 1y ago
where does the startup end and the small business begin?
- givemeethekeys 1y agoA business is a startup when its goal is to raise investment with the understanding that it will use all the money towards rapid, aggressive growth, and then raise the next, much bigger round of investment, or get acquired, or go bust.
- gordonhart 1y agoSolid definition. Being on the VC treadmill, and all of the “vibes” that come with that, is really what it boils down to.
- collingreen 1y agoI like to say a startup is a business where growth is far and away the primary goal and it becomes a regular business as that shifts toward revenue or stability or specialization. I don't think it HAS to be VC but a big chunk of VC cash is a great way to bet everything on growth so it might be the defacto definition anyway and I'm splitting hairs.
- everybodyknows 1y agoWhat's the current term then for a newly founded business that is pursuing some other strategy? For instance, bootstrapping to organic growth, or self-funding toward a long-term profitable "lifestyle" business?
- jenadine 1y agoA "new business" or a "small enterprise"
- dilyevsky 1y agoBy your definition OpenAI and Databricks are startups.
- mooreds 1y agoSeeking or taking funding is my personal rule-of-thumb.
- palata 1y agoMy definition is that a startup hasn't found its product-market fit yet. As soon as you are profitable, you're a business, whether or not you take investments to grow faster. You're a startup when you're testing a new business model. If you realise that it works, then you're a business.