No More Startups?

What’s the definition of startups? I’d define it like “a (generally high-tech) company founded by 1-3 talented people with scarce resources but high motivation of work and creativity”. However the companies I mentioned earlier and all the so-called startups do no more fit into this definition. They immediately get large fundings and they become no different than a division of existing large companies. Examples are Technorati, Snap, Riya and YouTube.. They don’t exist alone, the founders do 1% of the total product but the investors do 99%.. Then the founders become the public face of the company. As a result their shares in the company remain very low in the company but they still make quite good wealth and reputation.