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They seem to be going by Eric Ries' definition, in which case it's totally possible.
by namenotrequired 13y ago
They seem to be going by Eric Ries' definition, in which case it's totally possible.
- mkramlich 13y agofrom my reading they were trying to create a new product/service to add to an existing business's offerings i personally think "startup = new business and/or an effort to try creating a new viable business" is the best definition. otherwise they could say, well, they were doing new product R&D. no need to use the term startup. startups often have to find investors, find employees, etc. doing R&D for a new product within an existing and already profitable business is a different kind and magnitude of problem.