So, it is possible …

Earlier this year, when I was a start-up co-owner, I was trying all sorts of different ideas on how to keep web oriented technology company alive.  One of the ideas along the way was cheap and fast web design, using well-established platform (yes, you guessed it right, WordPress).  This one was among my favorites …

Eventually, the start-up didn’t survive.  And I am not much sad about it.  It was a fair try and I learned a lot from the experience.  But that idea … I liked it so much that it was painful to see it die.

Today, I learned that the idea actually works.  And not only it just works, but it’s a base of a successful business.  These are some good news for me – failing to implement a good idea properly sounds less silly to me than trying to implement a broken idea.

Blogging Pro runs an interview with Chris Garrett, owner of The 449.

What is a startup?

There is a lot of talk about startups on the web.   But what exactly is a “startup”?  Different people put different meaning in the word, and sometimes it gets very confusing.  Here is one example I came across recently:

 The reason I get asked this is that I left a perfectly good start up called Preemptive Solutions to come here. When I say “perfectly good” its one that I am a co-founder, is now 10 years old, and was President (which I later became VP as I decided I wanted to live away from the HQ).

Somehow, a 10-year old company didn’t fit my understanding of “startups”.  From a quick definition check at Google I like the one from Oakridge Venture Capital best of all:

 New business venture in its earliest stage of development.

This fits my understanding perfectly.  And with this in mind, I think that most companies grow out (or die out) the “startup” stage in their first year or so.  If the company survives that period, it starts getting some routine in it (procedures, practices, paperwork, traditions, etc).  The culture of the company shapes up.  Most of the “what is good and what is not” issues are ironed out.  Etc.  And then it’s not a startup anymore.

What’s your understanding of startups?  How can you say if a company is a startup or not?

Daily bookmarks

Shared bookmarks for user tvset on 2005-08-27