That was an unusual definition of chaos...
I do not disagree, but I am not quite sure what you mean. When you say "Chaos exists because of sensitive dependence on initial conditions", I usually call that an
unstable or
divergent solution. It is treated extensively in the theory of differential equation.
Now look at my avatar. It is part of an image of a
Julia set. Wikipedia has this to say about a Julia set: "the Julia set consists of values such that an arbitrarily small
perturbation can cause drastic changes in the sequence of iterated function values.