July 28, 2007

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What Makes a Startup a Backyard Startup?

So now that we have a general picture of what a startup is, how does a backyard startup differ from a regular ol’ startup?

There are two key factors when differentiating the two:

1. Does not require massive amounts of startup capital. Seed money comes from the founders themselves in most cases via cash, credit card debt, family/friends loans, home equity loans.
2. Founders often are the key technical workers. In addition to providing the entrepreneurial duties of a startup, the founders are often the “brains” behind the scenes as well.

The backyard startup is the everyman’s startup. Anybody can do it!