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When does a startup cease being a startup? It’s a more durable query than it appears — tech corporations have discovered that there’s energy in phrases. Let’s discover! — Anna
Startup versus scaleup
“We’re not a startup, we’re a scaleup,” advertising govt Cristina Marcos advised me of her employer, interactive content material creation platform Genially. This was really one of many first issues she mentioned after we met in individual earlier this week, and her emphasis actually caught my consideration.
On the one hand, it appears affordable to say that an organization like Genially, which has thousands and thousands of customers and raised greater than $26 million in funding, is now not a startup. On the opposite, “startup” is such a buzzword that it’s fascinating to see corporations steering away from it.
That “scaleup” is Genially’s most popular time period over “startup” is noteworthy. Joe Haslam, a professor at IE Enterprise College in Madrid, has been arguing for nearly a decade that “scaleup is the brand new startup.” However even he concedes that the “scaleup” time period didn’t take off as a lot as he anticipated.
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