Best answer I'd say. I wonder how many people think they are running a 'startup' when it is actually just a 'company'?
Now, it's great that people are opting to work for themselves rather than go join some large, likely boring and cumbersome, existing business, but the conflation of "start-up" with "business" makes it hard to really know what's going on here or discuss what people are doing.
Having a reasonably clear and useful definition is valuable.