A Start-Up or a Small Business - How Do You Define the Difference?

Hi Elphas!I see these terms used interchangeably while I know others draw clear distinctions. For example, Steve Blank distinguishes start-up founders as people who want to "take over the universe" (https://www.youtube.com/watch?v=xhnBYdJ2fK8&t=41s). Their ambition from the very beginning is to build something that has major scale potential. But merely using a founder's intention as the qualifier for a particular business designation seems short-sighted. Especially given how few businesses actually manage to "take over the universe" (whatever that actually means).There's also the argument that in order to qualify as a start-up, you need to be technology/software focused. But what is you are technology enabled - that would open up the doors to a much broader swath of businesses it seems.Others base the distinction on funding sources - if you are VC-funded or pursuing VC funding, you are by default, a start-up and not a small business. I'm curious how the Elpha community defines these terms differently and if you think perhaps we need another category of business that sits somewhere in between.