Re:Show HN: Founders launching startups on Twitch
by madamelic on Wednesday November 21, 2018 @10:36AM
(#18503424)
>The hashtag #24hourstartup is good branding that conveys that.
You're one of the few who "gets it".
I don't think anyone who participated actually believes they made a startup. Startup just implies something greater than project and start-to-monetization.
It's absolutely a misnomer and even Pieter who largely popularized the "Startup in <time>" idea even admits it, it's all a marketing ploy for laypeople to get it instantly.
If you look at the above graph on startup financing cycle, it starts before there is any investment -- with cofounders and an idea.
The terminology and process beyond that point comes from MBAs and money men. A VC will probably invest in any company that will satisfy whatever objective they have for investing. This is a 24 hour project sprint by a founder. If it gets the right eyeballs, the idea is well on its way to becoming a startup.
The hashtag #24hourstartup is good branding that conveys that.