I'm going play the role of semantics really quick. I like how PG differentiates between a startup and a company. What I've learned while coding, and dealing with Angels are the differences in stages...so I'll share my definitions (with dev examples)
1. Idea: just a concept, like an app
2. Project: the investment (usually time) we as entrepreneurs put in, like coding an app
3. Startup: just launched/deployed and ready to improvise as you grow, now your in the App Store and are out of beta
4. Business: your in the black, or at least have a projected growth rate of being there (u made angry birds)
I see why the startup stage is the greatest risk/reward investment, because in my eyes, it's like you just turned on the engine, everyone hears the growl, but you haven't spun the wheels yet.
I'm going play the role of semantics really quick. I like how PG differentiates between a startup and a company. What I've learned while coding, and dealing with Angels are the differences in stages...so I'll share my definitions (with dev examples)
I see why the startup stage is the greatest risk/reward investment, because in my eyes, it's like you just turned on the engine, everyone hears the growl, but you haven't spun the wheels yet.