In the context of the article, all things aren't equal because:
new business != startup
Startups in the sense the author describes do not include ordinary plumbing and mechanical companies because such companies lack a capital structure that could allow growth to a publicly traded entity. The second example company is in a good business and it's owner can buy a boat. It could never IPO.
Comments
In the context of the article, all things aren't equal because:
Startups in the sense the author describes do not include ordinary plumbing and mechanical companies because such companies lack a capital structure that could allow growth to a publicly traded entity. The second example company is in a good business and it's owner can buy a boat. It could never IPO.