Obviously it’s pretty tricky to define but I’d say anything that doesn’t have an already established or rapidly growing customer base/revenue is a startup. If you can shutdown all r&d and it’s still going to be viable business for a while then it’s not a startup
When its inertia has reached a point where it can continue to succeed not because of its actions, but in spite of them.
Immeditely added that to my favorite commebts. Short, crsip and it contains so much truth!
That is so nicely put. Worthy of Ambrose Bierce himself, I reckon.
Obviously it’s pretty tricky to define but I’d say anything that doesn’t have an already established or rapidly growing customer base/revenue is a startup. If you can shutdown all r&d and it’s still going to be viable business for a while then it’s not a startup
When it stops taking VC money?
when you become consistently profitable and sel-sufficient.