What makes a startup company?

by Justin on March 5, 2008

I have been searching for the last few days for the definition of what a Startup Company is, or what makes one? The best one I found thus far uses a quote from Supreme Court justice Potter Stewart regarding pornography to define it, “It is hard to define, but I know it when I see it.”

In all seriousness is a startup defined by the time in business, how much finding they have and form whom, number of employees, profitability, actually having a saleable product, etc. Or a combination of some of the above?

As someone who likes to work with startup companies in furthering their businesses and technologies I am finding it difficult to locate startups these days in Arizona and some other markets. When I started asking around to some of my peers about what new startup companies they have come across locally, they challenged me with the question of “what makes a startup company?”. I know what a startup company is, or at least what I perceive one to be, but I could not do anything but name characteristics of other startups.

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