Do you define your project as a startup?
I think most of the IH projects are not startups according to silicon valley definitions of a startup? What do you think? And do you use the word startup to describe you project (why/why not)?
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I definitely don't! Personally when I hear "startup" I immediately think of seed funding, progressive VC rounds, rapid expansion at all costs, exit as soon as possible, with or without a reasonable path to profitability. My goals are very different.
That's exactly how I think about it too
A good startup can give a good impetus to building a successful business. It is important to think through all the details carefully and it is best to show this in a business plan. For example, the email customer support function and support in general can be outsourced right away. This will save on staffing costs.
According to Steve Blank, a startup is a “temporary organization designed to search for a repeatable and scalable business model”.
In this definition the "organisation" is a barrier to IH, as in many cases they are an individual doing a certain thing, rather than an organised group or even a highly organised individual.
Searching for a business model - most IH are.
Searching for a repeatable and scalable business model - 50/50. Repeatable and scalable signifies ambitious goals that keep growing indefinitely and at this point many IH settle for an achievable business model instead.
Most IH could be a startup with enough focus and ambition.
Funding is irrelevant, just an optional method in growth.
Are you doing something new and looking for further growth, even after finding what works? If so, that is a startup.
I think startup is mostly perceived as those businesses reaching venture scale.
But it definitely doesn't hurt if indie hackers are running a business to fund their lifestyle and call it startup :)
small but high impact
No, my project is not for a startup company. It's for open source to learn. Not much profit value in it in my eyes for now. I also hopefully hope the open source world to take it over after I go.
That is a great question, I called them projects or businesses.
No. Using the word project gives assurance that one can always start another if it fails. And personally, it makes me not to get obsessed with it.
To me, projects are startups that have not been validated. A startup is by definition a team project that keeps growing customers.
I'm in the "startup" means legal entity camp, in that you have decided to put in some real money into your venture, not just your time. It's like selling produce at the farmer's market vs renting a store.
I don't but just because:
🙂
Project startup is a very short phase of the project management cycle. It is a transition step between project planning and execution. While it is a short step, important events occur, including: Baselining of the project plan with management sign-off. Commitment of resources by agency management.
Most of the companies/projects aren't startups. These days, almost every new company calls itself a startup.
A definition of startup by Paul Graham (founder of Y Combinator, Hacker News) is following:
"A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. Nor is it necessary for a startup to work on technology, or take venture funding, or have some sort of “exit.” The only essential thing is growth."
I am a freelance website and graphic designer. So I can convert my project as start-up. If anyone need any services from me, then my startup going to be very up. Thanks ☺️
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