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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Replying to @aral
(It's not a matter of if or when a startup will sell its users, they were sold to begin with. Exit plans precede investment in VC lala land)
3 replies 2 retweets 3 likes -
Replying to @annajayne
@annajayne Because you don't deserve to be lumped in with temporary businesses that exploit people (or startups in Silicon Valley parlance).1 reply 0 retweets 0 likes -
Replying to @annajayne
@annajayne@aral Paul Graham's assertion that 'startup' means capable of rapid scale to $1billion exit is bollocks3 replies 0 retweets 4 likes -
Replying to @MarkLittlewood
@MarkLittlewood@annajayne Indeed; yet that's what those folks mean when they say startup and they coined/champion the term with $$$.1 reply 0 retweets 0 likes -
Replying to @aral
@aral@MarkLittlewood That doesn't mean they're right. The Oxford English dictionary defines "Startup" as "A newly established business".1 reply 0 retweets 1 like -
Replying to @annajayne
@annajayne@MarkLittlewood But when Google invests $100M in startups in the UK, they make a $100M case for the meaning they promote.1 reply 0 retweets 0 likes -
Replying to @aral
@aral@MarkLittlewood That's just the way marketing works. But they don't write the dictionary.3 replies 0 retweets 0 likes
@annajayne @MarkLittlewood It's in their interests for policymakers & regulators to ignore the monopoly of their business model.
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