Tech, as used by investors no longer really means technology. It means a website essentially.

It would rarely (in my experience) even encompass hardware. Certainly nothing requiring novel basic technology (science based startups).

I don’t know why terminology is used like this. Essentially it’s like saying mail order catalogs are technology companies because they take advantage of advances in printing, telecommunications etc.

I guess it’s because the process of building websites is still messy, and somewhat easy to get wrong.