The term “exit” always irritated me when people write about startups. Especially because it only happens when a company is either bought or IPOs. I’m not saying that startups don’t use acquisition (or IPOs if you’re Twitter – never X) as an exit strategy to avoid actually making money, but a lot of times companies do this after they’ve become a profitable, self-sustaining business. Despite that, we still don’t have a clear definition of when non-retail companies stop being startups and start being plain old businesses (even if they’re small), and it needs to be fixed.
Sep 292023