But then, this is HN.

Hence the hourly reminder that most people don't think like the HN crowd does.

If you are dealing with funding rounds and recaps, you are a startup. I know of one that is twenty years old.

> Your take is typical on HN, but not the common interpretation.

TBH, it appears to be the commonly accepted answer to the question asked, but that doesn't mean it's a commmon interpretation.

To be even more honest, I'm not really sure how I'd classify the difference either; there's a lot of blurring of lines there.