How Do You Define «Startup»?

Written by Audrey Watters

dictionary_july10.jpgWhat constitutes a «startup»? Is it the age of a company? Its size? Its funding? Its profitability? Its position in the industry?

Steve Jobs often speaks of Apple’s «startup» culture. Last week, an article in the New York Times referred to the seven-year-old airline Virgin America as a startup.

And last month, Louis Gray posted a list on his blog of the «50 Top Startups Worth Watching.» In devising the list, he described some of the parameters he used in selecting the companies: «With the understanding that being a private company does not always mean you are a startup, I looked below the uber-players such as Twitter, Facebook, LinkedIn, Groupon, Craigslist, Tesla.»

Gray makes a distinction between between «uber-player» and «startup» for the purposes of his list, and I do wonder, following their recent round of funding if Foursquare still constitutes a «top startup» or if they’ve moved into the «uber» category?

Questioning the definition of «startup» was the topic of a recent post on YouTern’s blog. For YouTern, the definition is important as the company helps match college interns with startups. And as it receives inquiries from prospective businesses who may or may not be startups, a good working definition of «startup» is crucial in order to decide who would fit its program.


Written by Audrey Watters

dictionary_july10.jpgWhat constitutes a «startup»? Is it the age of a company? Its size? Its funding? Its profitability? Its position in the industry?

Steve Jobs often speaks of Apple‘s «startup» culture. Last week, an article in the New York Times referred to the seven-year-old airline Virgin America as a startup.

And last month, Louis Gray posted a list on his blog of the «50 Top Startups Worth Watching.» In devising the list, he described some of the parameters he used in selecting the companies: «With the understanding that being a private company does not always mean you are a startup, I looked below the uber-players such as Twitter, Facebook, LinkedIn, Groupon, Craigslist, Tesla.»

Gray makes a distinction between between «uber-player» and «startup» for the purposes of his list, and I do wonder, following their recent round of funding if Foursquare still constitutes a «top startup» or if they’ve moved into the «uber» category?

Questioning the definition of «startup» was the topic of a recent post on YouTern‘s blog. For YouTern, the definition is important as the company helps match college interns with startups. And as it receives inquiries from prospective businesses who may or may not be startups, a good working definition of «startup» is crucial in order to decide who would fit its program.

As CEO Mark Babbitt writes in the post, it seemed to make sense to start with Steve Blank‘s definition: «A startup is an organization formed to search for a repeatable and scalable business model

But Babbitt felt as though that definition wasn’t quite sufficient, as it didn’t really speak to the importance of the entrepreneur within the startup. So YouTern’s definition was expanded to read «a startup is an entrepreneurial-driven organization formed to search for a repeatable and scalable business model.»

To that definition, Babbitt also adds an element of mitigating risk as, he write, «some would argue that a certain amount of risk is central to the development of most start-ups, as is innovation.» So startups involve risk and innovation – but arguably most successful businesses do.

Defining «startup» is necessary for YouTern as the company’s mission is to work with those businesses. For others, perhaps, a strict delineation is less important.

But I am curious. Is it, to paraphrase Supreme Court Justice Potter Stewart, one of those «I know it when I see it» sorts of things? Please contribute your definition of «startup» below!

http://www.readwriteweb.com/start/2010/07/how-do-you-define-startup.php

Enhanced by Zemanta

Autor: Gabriel Catalano - human being | (#IN).perfección®

Lo importante es el camino que recorremos, las metas son apenas el resultado de ese recorrido. Llegar generalmente significa volver a empezar!

Un comentario en “How Do You Define «Startup»?”

Comentarios cerrados.

GENTE COSMO

LIFESTYLE - by Esther Herrero

Being Your Brand

Branding and Strategy for Business and Life

Cruces, Sol y La Imaginación

Cuando la imaginación y la creatividad suman infinito

tranquicomix

fanzine bejarano de historietas hecho en los 80

A Stairway To Fashion

imagination is the key

Vinod833's Blog

This WordPress.com site is the bee's knees

Apasionada de las Redes Sociales

Compartir conocimientos 2.0 y Marketing Online

Zona de Promesas

Blog de Tecnología en Español - Internet - Redes Sociales - Entrepreneurship - Innovación

Top Master | Blog

LOS PROGRAMAS DE MBA Y POSTGRADO MAS INFLUYENTES DE TODO EL MUNDO

La realidad alterna

Poesías, relatos, diario de sueños

Unencumbered by Facts

Taking unsubstantiation to new levels

PsicoEmocions Blog

Un Pont entre la Psique i les Emocions

TEA PTLS NACHO

AUTISMO.TEA..PTLS

Comunicación & Marketing

De Lilian Lanzieri

Xtratexia

Dirección estratégica para la vida

StellarHIRE Partners

Founding Partner, StellarHire Partners - Executive Search Consultants. Recent engagements include Eloqua, SFDC, Tibco and Veeam.

ivanbrunpr's Blog

4 out of 5 dentists recommend this WordPress.com site

BLOGTEC

Noticias de Tecnologia.

T a l e n t o  en  E x p a n s i ó n

Gestión de personas y transformación digital para las organizaciones líderes de la Era del Conocimiento

Two Leaves Tea SPAIN

Great Organic Tea! ✫✫✫✫✫ Te Organico en Piramides

Ideas para la clase

Experiencias creativas en la clase de español.

Little Grey Box

Travel Well

No solo los 80's

La mejor música de la historia

Molly Balloon's Blog

Identity + Dressing + Colour

El OJO PUBLICO. / Глаз общественности

Ver para contar & contar para ver. / Чтобы рассказать

Think Creative Idea Growth Hacking

Expertos en estrategia y auditoria de marketing

The Coaching Alliance

El camino hacia el éxito

Erick Lovera

Mi Pasión en un Blog

Estampas de México.

“Un fotógrafo tiene que ser auténtico y en su obra, debe expresar emociones, provocar reacciones y despertar pasiones.” ~ Javier García-Moreno E.

Natalia Gómez del Pozuelo

Escritora y formadora en comunicación

aloyn

Alimentación, ocio y negocios, ALOYN, es un Grupo dirigido a Directivos y Propietarios de empresas, interesados en el mundo de la industria de alimentación y bebidas. Tanto por la parte de la industria productora como por la parte de la industria consumidora y/o distribuidora (Distribución Comercial, Horeca, Vending, Venta Directa, etc). También nos interesan las actividades ligadas al agroturismo y el enoturismo como magníficas actividades de promoción y difusión de la cultura gastronómica.

Blog de Jack Moreno

Un blog de Joaquín Moreno sobre recursos, literatura y ciencia ficción

Mashamour

Ensalada de Manjares

be.blog

be. Intelligent Multimedia Education

~~Mente en Gravedad~~

************************************************************************************************************

The Xtyle

Fashion Blog - Un Blog de Moda y Tendencias by Bárbara Sanz Esteban

aníbal goicochea

Tecnologías de la Información y Estrategia

A Waterfall of Sound

"Poetry is when an emotion has found its thought and the thought has found words." Robert Frost

Health & Family

A healthy balance of the mind, body and spirit

Style & Design

Fashion Trends and News

U.S.

News, Headlines, Stories, Video from Around the Nation

A %d blogueros les gusta esto: