This is a great description, and I really appreciate you posting it. I might update my blog with it, and really should have looked at Wikipedia too. Thanks.
You make my point perfectly. Wikipedia is very clear to call it a "company." That's what I'm saying. Two hour projects aren't companies (unless they file to be an entity, which I believe makes it a startup - 3rd qualification bullet in the post).
Actually, the Wikipedia definition is also pretty useless. What's a "limited operating history"?
Steve Blank put it best: "a startup is an organization formed to search for a repeatable and scalable business model"
You could be searching for a repeatable and scalable business model in a week-end, which would be awesome. Most people don't, and I find it really irritating that these projects get called startups.
You make my point perfectly. Wikipedia is very clear to call it a "company." That's what I'm saying. Two hour projects aren't companies (unless they file to be an entity, which I believe makes it a startup - 3rd qualification bullet in the post).