For a minute, if we replace the word startup with business (early-stage-business, if you insist.) What have we lost? Does the word startup really bring anything extra to the table?
If we look at Eric Ries’ definition:
A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty.
I would say every business has uncertainty. Extreme or not is a matter of perspective & approach.
I’m planning to pretty much do away with the word startup and instead just call it business.
This will really help me focus on the hard-core business aspect of my products and services instead of hiding behind the feel-good-factor of “startup.”