According to Steve Blank: "A startup is a temporary organization used to search for a repeatable and scalable business model."
This is the best answer I've seen. Most startups are companies, and most startups are businesses. Graduating from a startup to a business doesn't make that much sense. But when your identified customers, product, and business model are repeatable and financially stable for the company, you aren't really a startup anymore.
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According to Steve Blank: "A startup is a temporary organization used to search for a repeatable and scalable business model."
This is the best answer I've seen. Most startups are companies, and most startups are businesses. Graduating from a startup to a business doesn't make that much sense. But when your identified customers, product, and business model are repeatable and financially stable for the company, you aren't really a startup anymore.