SME aren't startups, quite the opposite. And my gripe with startups lays in the difference between those two. A regular company makes business, at some scale, and sometimes grow because they were efficient and profitable. They are the realm of people knowing their business and their market.
Startups raise funds, try to build a big scale business as fast as possible and sometimes become profitable because they became big enough fast enough. Move fast, break things (first websites, now satellites and automated cars, YOLO) and become rich ASAP please.
That's what people are trying to tell each other but it's BS. For every start-up that made it there are 1000 SME's that didn't. Usually you only know that your company has the potential to succeed big quite a few years after you've started it.
The whole idea that world wide scale companies are the only ones that deserve the label 'start-up' should die, it's a SV born re-purposing of words to suit a particular agenda.
Startups raise funds, try to build a big scale business as fast as possible and sometimes become profitable because they became big enough fast enough.
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SME aren't startups, quite the opposite. And my gripe with startups lays in the difference between those two. A regular company makes business, at some scale, and sometimes grow because they were efficient and profitable. They are the realm of people knowing their business and their market.
Startups raise funds, try to build a big scale business as fast as possible and sometimes become profitable because they became big enough fast enough. Move fast, break things (first websites, now satellites and automated cars, YOLO) and become rich ASAP please.
That's what people are trying to tell each other but it's BS. For every start-up that made it there are 1000 SME's that didn't. Usually you only know that your company has the potential to succeed big quite a few years after you've started it.
The whole idea that world wide scale companies are the only ones that deserve the label 'start-up' should die, it's a SV born re-purposing of words to suit a particular agenda.
They can, but they don't have to.