startup vs business, what's the difference?

First up. What even is a startup?Spoiler: there's no universal definition. And honestly, before researching this episode, I've probs butchered it tooWelcome to Fayl Safe, a new series where we break down the startup concepts, jargon and assumed knowledge that nobody ever actually explains.Loveth and Amy Fogarty get into the deets. This one is for anyone who has ever walked into a startup event and nodded along pretending to know what TAM means.We get into 👇: ★ Why 97.3% of Australia's 2.7 million businesses are small businesses and only eight are unicorns ★ Three very different definitions of a startup from Paul Graham, Eric Ries and Steve Blank ★ Loveth's four characteristics of a startup, risky, scalable, fast growing and disruptive ★ Airbnb, Netflix, Uber and Canva as case studies for each characteristic ★ What TAM actually means and why niche down before scaling up is not a contradiction ★ Why startup founders sometimes think they're better than traditional business founders and why that's wrongAlso Paul Graham's essay, startup = growth is here: https://www.paulgraham.com/growth.html#startuppodcast #faylsafe #startupjargon #australianstartups #buildinginpublicFollow us on all platforms!Instagram ~ @fayltalesTiktok ~ @fayltales LinkedIn ~ @fayltales