Re:On Becoming a VP of Engineering
by wpietri on Friday July 14, 2023 @11:30AM
(#36725419)
I would draw the line slightly differently. Bootstrapped startups are still startups. So for me the definition is more "company exploring a novel technology, product, or business model". Most new businesses are doing something that's well understood. Opening a new restaurant or corner store is hard, but it doesn't have the same need to figure out something fundamentally new.
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Yep.
Numbers-wise, I'd think VC-funded startups merit the distinction. They're (a) relying on financiers to make their strategy work (b) there's significant positive & negative impacts of that decision vs everyone else (c) they're the minority.
Startups using non-VC revenue are the majority and also doing all sorts of great work in invention+innovation in tech, business model, doing with scalable ideas, etc. VC $ buys things like press relationships and "X raised Y" headlines, but thankfully the days of breathless capital raise news on tech crunch are much more zzz now.