> But there is no Global Language Police that everybody has to obey so if some folks wants to label their new neighborhood coffee house a "startup", nobody will stop them.
This is the trick that VCs/investors use to justify certain behaviors (which I don't care to enumerate here). When you have terms with colloquial meanings and mean different things to different people, the terms are ripe for manipulation. As an example, there are people who still call Uber a "startup". It's very much not a startup in sense of the word, but yet there are still people who refer to it as such.
> That Linkedin blog by Japjot Sethi has bad heuristics and should be removed as a citation.
Which is precisely why the wikipedia article is heavily biased by those who are responsible for maintaining content on the Wikipedia who happened to lean towards the tech circles (yes I'm aware I could submit a petition to Wikipedia to change it). If anything, Wikipedia should create a disambiguation between a Webster's definition and silicon valley's definition.
This is the trick that VCs/investors use to justify certain behaviors (which I don't care to enumerate here). When you have terms with colloquial meanings and mean different things to different people, the terms are ripe for manipulation. As an example, there are people who still call Uber a "startup". It's very much not a startup in sense of the word, but yet there are still people who refer to it as such.
> That Linkedin blog by Japjot Sethi has bad heuristics and should be removed as a citation.
Which is precisely why the wikipedia article is heavily biased by those who are responsible for maintaining content on the Wikipedia who happened to lean towards the tech circles (yes I'm aware I could submit a petition to Wikipedia to change it). If anything, Wikipedia should create a disambiguation between a Webster's definition and silicon valley's definition.