Earlier quoted context omitted.
I guess, to me, maybe that's a part of the issue. I define a third route for a startup. Make money. So I have trouble with that lesser definition. I'd have called 37 Signals a startup (still might, when does being a startup end--I don't know how to draw the line). I worked at a software company which has 5 buildings it owns outright, employs thousands of people, and has 300 million+ in annual revenue. In the 70's it…
The difference perhaps revolves around "startup appropriate for Y Combinator" vs "startup." Actually, it would be "startup appropriate for any investor". If there is no exit planned, then it's not something an investor wants to be involved in. It's purely semantics, which is why I specifically said, "according to pg's definition". Your definition may be different...but if you're talking about pg's rules of thumb for…
Buy and hold anyone?
