Finally someone who gets it. "Tech startup" has become a term that gets thrown around way too much. Let's face the facts - every business utilizes technology in this day and age. Is ToysRUs (toys) a tech company? Or Airbnb (real estate)? Or even Uber (transportation services)? Companies are categorised by industry, not the tools they use to run their business. If McDonalds adds an iPhone app for ordering burgers or gets robots to make the burgers - it's still in the fast-food industry. So what's a "tech startup"? There's no such thing imo. There's the software industry & the hardware industry. Microsoft is in the software industry, a classic example of a "tech company". Apple does both. Boeing does hardware. What about Google & Facebook? Are these tech or media companies? After all, their revenues come from selling ads. They are the new magazines, the new yellow pages, the new classifieds.<p>I sure wish we had more "technology companies" making great new leaps in software, operating systems, hardware, etc. Unfortunately there aren't many examples of such companies becoming billion dollar businesses, compared to the variety of other industries that fit under the "e-commerce" umbrella. Why try to invent and sell great new software or hardware, when there are much easier opportunities in other industries, which are typically slow to adopt technology.