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tok 🕊️

@aral Is this a generally accepted meaning of 'startup'? I always thought the term refers to any type of new company, but have no clue.

7 comments
Aral Balkan

@t0k People do, wrongly, use it to refer to any type of new company. And that’s just great as far as Silicon Valley and venture capitalists are concerned. They know what a real startup is but if there sustainable, ethical companies that self-identify using the term, that’s great for the brand. They can turn to those and say ‘look, not all startups are toxic, extractive, exploitative ventures…’ So it helps them a lot in resisting regulation…

Aral Balkan

@t0k … But would they ever invest a single cent in such a company? No, never.

If you want to know what is and what isn’t a real startup, just look at what Silicon Valley and venture capitalists invest in and what they don’t.

tok 🕊️

@aral Thanks for the explanation! That's actually good to know.
Is there some better naming for a "new small company" which will stay small?

Aral Balkan

@t0k I quite like calling them “stay ups.” :)

Sumana Harihareswara

@aral @t0k As I mentioned to @gvwilson when he asked a similar question (the other responses there may also interest you):

social.coop/@brainwane/1108940

"zebras" is a term some folks are using.

Sven Slootweg

@t0k @aral I would just call those "small businesses", or "sustainable businesses", depending on the context.

Marty Fouts

@t0k @aral No it is not. “Fail fast or exit” is far more restrictive than what happens in practice and leaves out profitability as a path. Startups either fail, the more common case, or evolve into profitable companies; but even failures can involve multiple rounds of financing extending over many years.

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