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I couldn't see any concrete distinction between the "bros" in his hypothetical and many things HNers would consider a "real" startup.

Maybe he was also attacking the very lean startup people who only have an email collecting landing page, a funny or inflated title and a blog filled with lessons for entrepreneurs when they come from a geek subculture and you are correct. It seemed more like a perfect NTS because of the "bro" references. Reading it again, I could see either interpretation being correct.

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