Re:12,000 startups are being created every day in China [video]
by edblarney on Sunday March 05, 2017 @04:47PM
(#13798912)
That the lean startup methodology might in some ways apply to other businesses, does not make them startups.
A single hot-dog stand will not do something that will change the economy, create 10K jobs, attract investment, R&D etc..
Re:12,000 startups are being created every day in China [video]
by webmaven on Wednesday March 08, 2017 @10:34PM
(#13826730)
> A single hot-dog stand will not do something that will change the economy, create 10K jobs, attract investment, R&D etc.
Well, you never know (McDonald's was once a small new company).
But that was exactly what I was trying to say: High-growth companies with those sort of ambitions are not the only kind of startup. ALL new ventures are startups, even if they are not intended to grow much, and including quite a few that aren't even necessarily businesses at all.
This is actually important, as, for example, the Lean Startup methodology is applicable to almost any new venture that has to deal with significant uncertainty, regardless of whether it is a high-growth venture, an SME such as a VAR, or non-tech lifestyle businesses.