My personal definition of the term startup is "A relatively new business in search of a business model."
In many cases, this search requires venture capital but in some it doesn't.
A startup can very well be a lifestyle business. For example, I'd consider many of the companies listed on Indie Hackers to be startups. Only a minority of those has taken venture capital.
In many cases, this search requires venture capital but in some it doesn't.
A startup can very well be a lifestyle business. For example, I'd consider many of the companies listed on Indie Hackers to be startups. Only a minority of those has taken venture capital.