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Color would be a startup, because it has the intention to make money, and has attempted to make money (i.e., through ads). The lack of success is not determina
by rprasad 14y ago
Color would be a startup, because it has the intention to make money, and has attempted to make money (i.e., through ads).
The lack of success is not determinative of whether a venture is a business. However where the line is blurry (i.e., for a business operated out of a home), it could be the factor that tips the scales toward treating the venture as a hobby.