Mike Casey :: Random thoughts on Startups

I had the great chance to be on a panel of discussion to launch Vivid Sydney earlier this week @ the Opera House. One of the big discussion points was around what defines a Startup from just an idea and a Business from a startup?. From what I remember, here are a few different perspectives.

When does an idea become a startup?

• The day you incorporate
• The day you quit your job
• The day you take a positive step towards creating something
• The day you form a team
• An idea is a startup
• The day it is invested in

When does an startup become a business?

• The day you spend money
• The day you make money
• The day you hit positive cash flow
• The day you hire
• The day you pay tax on profit
• 10 or more people
• They day it is invested in

I guess, being an entrepreneur you can choose whatever definition you like. Do what you want brah