Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by lolcopterpilot on Saturday May 02, 2020 @04:48AM
(#23050392)
I don't agree. Startup has a fairly specific task or operating style that is irrelevant to its size and age and number of employees. A startup is a company that is experimenting with ideas and its main goal is to validate a business model. If those business models can't be validated in a certain amount of time, the company should shut down. If a business model is validated it needs to be implemented and the company is no longer a startup.
You can be a 0-day 1-person company but if you have a business model and an operating structure, you're not a startup. Most companies are started on a specific business idea and planned to run for long term on that idea. Those are not startups.
Re:74% of Startups Have Trimmed Staff, 65% Have Less Than 6 ...
by majewsky on Saturday May 02, 2020 @11:05AM
(#23052155)
Where do you draw the line for "validating a business model"?
Uber was founded 11 years ago. How long do you need to validate the business model of a taxi app?
AirBNB was founded nearly 12 years ago. How long until they're done validating the business model of letting people rent apartments over a website?
Criteria like “founded in the last Y years”, “has fewer than N employees”, “has market cap under $X”, “is in a fresh/hot industry” alone or in combination end up including dramatically different sets of companies.