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Few-Manufacturer8862 t1_j3e9fc7 wrote

How is a company founded in 1991 a startup?

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tzfld t1_j3g2m87 wrote

Yep, strange definition of startups which includes any of these.

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AfricanNorwegian t1_j3gwkfw wrote

It seems any company can be considered a startup as long as it is privatly owned.

Here's the source OP used: https://en.wikipedia.org/wiki/List_of_unicorn_startup_companies

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NLwino t1_j3hxft1 wrote

Even wikipedia's definition is inconsistent:

>startups refer to new businesses that intend to grow large beyond the solo founder

https://en.wikipedia.org/wiki/Startup_company

Could be me, but after 5 years, I don't call a company new anymore. Let alone epic games that is from 1991.

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PantsB t1_j3klyis wrote

My employer is privately held continuously since the late 60s, its in tech and has valuation around ~2 billion but its not listed here either. It clearly isn't the spirit of the list but then neither is Epic Games

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LoopEverything t1_j3fqjdz wrote

I’m assuming 1991 is from when they were just a developer first? Then they sold their own engine (Unreal), and most recently launched Epic Game Store to compete with Steam. Guessing that’s the “startup” part.

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KptEmreU t1_j3fu7im wrote

Also the funny part they made their fortune on their battle royale game the Fortnite. They were not small or un-important before the Fortnite but it was a huge boost and great success.

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