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5th December 2022
Startup, a term bandied round like funding in the tech bubble, but what does it really mean and has it lost it’s original meaning.
The standard belief is that a startup is a small company with potential for excessive growth with the cumulative goal of it becoming the next tech titan.
However, is that really correct? If so, should the mass of tech companies be attributed with the class of ‘startup’? Is Airbnb really a startup still? Hell no.
So if the likes of Airbnb and Uber are deemed to have lost their designer ‘startup’ status, what really is a ‘startup’ in today’s tech sector? Well everyone has very different definitions, however, it is my belief that a company may be judged to be a startup based on three different criteria:
If however, you do not exceed these limits. Awesome job. You can keep the startup badge on for all to see. Just to show an example, Timehop has team of 11 and at last round of funding (May 2014) was given a reported valuation of $200 million. Well done Timehop, you are officially still a startup.