Losing the start-up TAG29 May 2024 22:51
This is one of those comments I always thought was a meaningless sound bite for people to parrot..
But I've just googled when is a start up nolonger a start up...
I'll be honest, didn't think it had much meaning.
But
. You are no longer a startup if you have achieved scale, albeit the arbitrary the definition of scale. Scale is typically measured in terms of revenue, number of employees and valuation, but can also include age i.e. categorizing companies that are more than 5 years old as no longer startups. In terms of revenue, number of employees and valuation, there is a set of metrics popularized by Techcrunch’s Alex Wilhelm called the 50-100-500 rule. This means that you can no longer be called a startup if you achieved or surpassed any of the following:
$50 million (around €41.9 million) revenue run rate (forward 12 months)
100 or more employees
Worth more than $500 million (around €419 million), on paper or otherwise
Makes you wonder what on earth Albert was on about.