If I buy a Jollibee franchise, would that be a startup? If I open a sideline internet cafe while I'm handling my day job - is this a startup? There are several definitions thrown around now about what a startup is and isn't. Here's mine: Ambition + Innovation = Startup First, a startup is all about ambition. It doesn't want to be another player in the market. It aims to be the BEST player in the market, or better yet, it aims to find entirely new blue ocean markets. When I was still in Chikka Asia, one phrase thrown around a lot was "global domination." This is a startup. Morphlabs, a local cloud computing firm recently  was granted 5 million dollars in funding … [Read more...]