Startup: (n) a specific type of temporary tech company that comes into existence by selling its future users to investors.
#venturecapital
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@aral Remember that not all startups go after VC funding. After 10 years, we're still self funded. -
@annajayne Indeed. So I wouldn't call yourself a startup but a sustainable business. Maybe we need a sexier term for that. -
@aral Ah but we WERE a startup at the outset (and we still have that mindset, no matter how long it's been). -
@annajayne You didn't take VC though right? That's not the startup model being packaged & sold around the world by Silicon Valley & VCs. -
@aral Silicon Valley isn't in Bournemouth. Lots of self funded startups here.
End of conversation
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@aral In a past life I've raised money for an MVP startup, and the investors have had exit strategy as part of the convo from day 1!!!!!!!!! -
@NordicDEi Of course they did, how else would they get investment? :)
End of conversation
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@aral You omit that VC funding is amorphous. Oral promises of individuals can easily be broken later (replace CEO, sell shares)Thanks. Twitter will use this to make your timeline better. UndoUndo
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