I came across an interesting article today about the so called Triple-Digit-Club. This is a club of startup companies that have raised over $100 million in funding. The article went on to note some of the members of the TDC, the largest being Kayak.com who has raised over $220 million dollars, and how such companies with these large investments fare in an economic downturn as we are seeing right now.
It was an interesting read, but in my mind I kept coming back to this one question “What is the threshold when a startup no longer is a startup ?” I mean as I read through the article I am seeing these so called startups with funding ranging from $100 to $150 million dollars up to the $220 Kayak has secured so far. Some of the companies are profitable and some are not. Some even use the money for special perks for the employees
Kayak employs a chauffeur to ferry employees between Concord and Norwalk so they can get work done during the drive.
I am not sure about you, but when I think startup, I think of the little guy, but I guess that is just my perception. I do think, however, that there is a threshold where a company no longers deserves the “startup” moniker, but I am not sure what it is ….
Any thoughts ? What is that threshold in your mind ?
