> Sure, it's not a well defined term with a universally agreed upon definition, but now we're just arguing semantics.
The definition is pretty well agreed on. The version I like best is that a startup is a new business that's designed to arbitrage a temporary disequilibrium to produce extraordinary returns.
Other people phrase it differently, but claiming that, for example, your typical restaurant is a startup is unequivocally wrong.
The definition is pretty well agreed on. The version I like best is that a startup is a new business that's designed to arbitrage a temporary disequilibrium to produce extraordinary returns.
Other people phrase it differently, but claiming that, for example, your typical restaurant is a startup is unequivocally wrong.