I'd have to say if you have a credible plan to generate revenue, and are implementing that plan, that's a startup. The rest of it is just means to that end (i.e. parts of your particular plan).
Overall point seems pretty well-taken, though.
Overall point seems pretty well-taken, though.
Unless you just want to consider their equity revenue, which is basically how the 90's worked anyway. "End of the business cycle" my ass. I'm still mad about that.