Also I don't see PG dismissed small businesses that are not startups in his essay. As long as a business is successful and profitable, any one can be a proud business owner of it. It is just not a company that will have huge growth potential and that's ok in a lot of case for the owner. And I really feel the confusion now is in mainstream business media to label any small business as "startup". IMHO, that is much more problematic and dangerous to anyone in business since that misconception gives small business owners disillusions about their potentials. PG now just says it out loud that, "Without huge growth it is not a startup that will change people's lives."