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7% weekly growth may seem like BS, but it happens. The arbiter of this growth rate is a function of need and reach as PG said. To say it is BS while there is ev
by garry 14y ago
7% weekly growth may seem like BS, but it happens. The arbiter of this growth rate is a function of need and reach as PG said. To say it is BS while there is evidence the phenomenon is possible (having experienced it first hand and seeing friends achieve it for long periods of time) and that we even know the factors in it -- that is a self limiting belief indeed.
- photon137 14y agoI am not terming that as BS because it's impossible - it's not. I'm saying it's not suitable for all businesses (it might be downright hara-kiri for some of them) - that alone should not disqualify them from being known or viewed as startups.
- PeterisP 14y agoWhy not? Words and terms are useful only if they mean something. It is not useful to mix "high growth startups" and "slow growth startups" in a single word meaning/term, as the practical difference is actually bigger than what they have in common. So PG is saying that "startup" means "growth startup", and young enterprises without the goal of explosive growth should be called something else, as they are significantly different.