Is Your Startup Really a Startup?
compylr.com
compylr.com
A startup is simply a new business that has not yet begun its permanent, revenue-generating business operations. That is why Foursquare is (still) a startup, but AirBnB is not (anymore).
Legally, the two requirements for a business "starting up" are (1) the business is a new business, and (2) the business has not yet begun its permanent revenue-generating activities. Indeed, it is these provisions of the tax codes from which the term "startup" originated.
The bit with 'free vs non-free' had me rolling.