If you are a software shop and create products that compete with Microsoft, you’re Small.And smallness (again, in the popular imagination) has a lot to do with startupyness.In the accounting profession there is a technical definition for development stage companies (or “start-ups”). meant that some see debt as good because it’s leveraging your income. It’s a shame all companies didn’t have a bit more startup in them.I think that often, especially in the case of the companies you listed, people use the term “startup” when they really mean “upstart” — in the sense that these are companies who buck the system, approach their chosen business sectors in new and novel ways, and suddenly the world is noticing that they are having an impact and are really shaking things up. Now, unless you had a few extra hundred thousand lying around in your bank account - none of you would be living in that house unless you took out debt (mortage) in order to live in that house.Debt can be good. Is this just poetic license or is the line really that blurry?What does it take for a startup to leave the startupsphere?My rule of thumb would be the point at which it becomes self-sustaining… profitable, with any VC’s having recouped their investment & return.> What does it take for a startup to leave the startupsphere?Have you actually seen it hurt you in anyways to still be labeled a startup?
Keeping a company tagged with Startup holds peoples attention in much the same way NASCAR races do. Corporations and the small departments / teams within them who are trying to do something innovative embrace the “startup” label — you should too.Isn’t that one of those new-fangled startup technology magazines. Here are some important tasks involved in starting a business and a general guideline for how long they might take, assuming you are not going to be setting up a business selling products or a retail facility outside of your home. Congratulations—your company is no longer a start-up, but an established enterprise. It allows one to do much more than without taking out debt. Dress codes, enforced work hours, plenty of corporate make-work in the form of functional requirements and project paperwork that has no bearing on the finished product or really any grounding in reality. Seems like you guys have accomplished that in spades. What happened to the other book? If your staff still can be counted with the fingers on both hands, you just can’t help being called like that. The length of time it takes to start a business depends on the type of business, the complexity of the business, and the type of location. 7 years later I cringe when I see the startup label applied.I guess it’s like the band everyone thinks was an overnight success but has actually been plugging away for years in empty clubs.And as I mentioned in the post, it’s not just us. I was half-joking. In my opinion, in the absence of a good label that communicates that you are a different kind of company than the typical small company out there (if indeed you want to distinguish yourself in such a way), then I would agree with those who suggest embracing being called a startup.
If i’m making $20.000.000 a year i wouldn’t mind how people call me!Jesus, 20 mill? We’re grateful for the press we’re getting. Of course, I’m also expecting that revenues might not meet expectations.I completely agree with Jamie Stephens’ “appearance and attitude” reasons for why 37signals is labelled a startup, and that there should be a better word for it.I think what happens a lot of the time is that the people reporting on companies such as yours see a short list of employees and make the assumption that because you’re so small, you must be starting out. Few companies from the tech boom of the mid-2000s had the foresight to temper their pace in anticipation of the long journey that lay ahead. You have a product.
did i read that right. These qualities seem to carry more weight these days in the word “startup”, than the financial status of the company.Perhaps this is where your uneasyness with the word comes in?
— thanks! Also, during the dot-com goldrush, the companies that got sudden and massive media attention really were startups, and now many journalists think that media attention simply equals startup; a tech-company suddenly getting a lot of press must be a startup.Well you went from web design to application development. Most startups don’t have the luxury of time to build their brand name.
Unfortunately, this is a very one-sided way of viewing things.Personally, I think of a startup as a company that is still working to become profitable. No wonder they’re moving to a new space.
Make it still feel like a startup? As long as the company fits the buzz de jure in some way and is a relatively new comer to their ears, a company qualifies as a “Startup”.
However, the reality of what defines a startup is SO much more complex. That’s my opinion.Tom - how on earth can one argue that having debt “allows you to do more?”.
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