2. “ A startup is not a smaller version of a large company
“ A startup is not a smaller version of a large company. A startup is a temporary organization in search of a scalable, repeatable, profitable business model”
The Startup Owner Manual

4. “The goal of a start-up is to figure out the right thing to build - the thing customers want and will pay for - as quickly as possible.” - Eric Ries   

5. “If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business - no matter how good the product.” - Peter Thiel

6. What kind of startup are you?
Lifestyle Startups: Work to Live their Passion
live the life they love, work for no one but themselves, pursue their personal
passion
Small-Business Startups: Work to Feed the Family
not designed for scale - the owners want to own their businesses and feed the
family - create local jobs - own savings, what they can borrow from relatives and
banks
Scalable Startups: Born to Be Big
Google, Skype, Facebook, Twitter - the founders believe that their vision can change
the world - risk capital - venture capitalists
Buyable Startups: Acquisition Targets
Web and mobile apps - many of these startups bypass traditional VCs by using
crowd or angel funding - this class of startups is likely to be sold to a larger
company

7. What kind of startup are you?
Social Startups: Driven to Make a Difference
unlike scalable startups , their goal is to make the world a better place, not to
take market share or to create the wealth for the founders – organized as a
nonprofit, for-profit or hybrid
Large-Company Startups: Innovate or Evaporate
to ensure their survival and growth, corporations need to keep inventing new
business models. This challenge requires entirely new organizational structures
and skills
- Steve Blank