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I don't understand why he chose restaurants and barbershops as examples of non-startups. Both make things lots of people want, and some of them are big chains t
by rsheridan6 14y ago
I don't understand why he chose restaurants and barbershops as examples of non-startups. Both make things lots of people want, and some of them are big chains that have wide reach, so they fulfill criteria a and b. Either these are startups, or there are more criteria pg didn't include, such as rate of growth - even the most successful chains usually have 10 years or so from the opening of the first store to becoming huge (inter)national chains.
- krrrh 14y agoI think it's implied that there's a difference between a taco stand that is just running in a local geography and not really innovating, and a company like Chipotle which spent a lot of time and effort optimizing their business model to make it replicable while taking large investments to pursue fast growth. He's not referring to Chipotle in the essay. It's why says "restaurants" and not restaurant chains.