Day 2 of Startup Omaha Week started with an educational event from the Nebraska Startup Academy explaining the differences between a startup and a small business. Other events included the Mug.News & Maverick Venture Fund Social, and Mystery Dinners. Keep reading for a recap and takeaways.
Startups vs. Small Business
“There is no us vs. them when it comes to startups and small businesses. Neither is better or worse. They’re just different.” —Charlie Cuddy, MOVE Venture Capital and Nebraska Startup Academy
Here’s the TLDR of it:
Startups = new business focused on disruptive innovation, scalability and rapid growth + high risk / high reward + seeking venture capital and angel investment + prioritize innovation and agility
Thanks to our sponsor
Small Biz = typically stable enterprises with limited potential for growth + provides goods or services locally + self-funded or seeking traditional funding (i.e. loans) + values customer relationships and longevity
Regardless of whether they’re building a startup or small business, entrepreneurs possess a unique mindset.
The primary differences between a startup or small business is the potential scale of the business and how it will be funded.
Understanding your vision, the opportunity and the size of the available market will help you determine which path to business ownership is right for you.
Mug.News & Maverick Venture Fund Social
Mystery Dinners
The Mystery Dinner was a chance to connect with strangers and friends for a candid conversation about taking risks. The guest list, venue and menu were a surprise. Participants received an email a couple of hours before the event telling them where to meet. One group dined at the Orleans Room at the Cottonwood Hotel with another at Le Bouillon.
