No they're a small investment business. There's a lot of small businesses that aren't "startups" that do a lot of the same things that Startups do but opening a McDonald's franchise isn't a startup either. I run a small agency of about 10 folks, I'm sure I do a lot of the same things as a startup founder does, we work with startups all the time, but that doesn't make my business a startup.
A startup is any business which is starting up (as in starting its primary revenue-generating business activity). Technology has nothing to do with it. Your agency isn't a startup because it has already doing its primary revenue-generating business activity.
This is, and for many decades has been, the definition of "startup" in the tax code. (Some tax codes limit the "startup" period to the period before the startup becomes generating revenue from its primary business activity.)
Comments
No they're a small investment business. There's a lot of small businesses that aren't "startups" that do a lot of the same things that Startups do but opening a McDonald's franchise isn't a startup either. I run a small agency of about 10 folks, I'm sure I do a lot of the same things as a startup founder does, we work with startups all the time, but that doesn't make my business a startup.
Hey we're all entrepreneurs though.
A startup is any business which is starting up (as in starting its primary revenue-generating business activity). Technology has nothing to do with it. Your agency isn't a startup because it has already doing its primary revenue-generating business activity.
This is, and for many decades has been, the definition of "startup" in the tax code. (Some tax codes limit the "startup" period to the period before the startup becomes generating revenue from its primary business activity.)