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Revenue and no equity raise is a closely-held business. Equity raise and no revenue is a Ponzi scheme.

• dragonwriter 11y ago
  > Revenue and no equity raise is a closely-held business. Equity raise and no revenue is a Ponzi scheme. That doesn't stop both from being "making money".
  • FussyZeus 11y ago
    If you've convinced a bunch of suits to give you money that's a very important step on the way to success, but it's not success, and frankly if your business folds after that and you walk away a millionaire, I'd say not only did you fail, but you're dishonest. I don't understand these founders who work in offices they can't heat or light properly because they can't afford to pay the bills, yet show up for said work in Aston Martins and Mercs. If you get funded that's great, but put the money in the damn business you said you were starting if for no other reason than IT'S NOT YOUR MONEY, you didn't earn it, you didn't work for it, it was given to you to do something specific with. Maybe I'm just old fashioned, if I gave somebody 5 million bucks to start a business and found them spending one friggin penny on pointless personal purchases, I would raise hell over it and I think I'd be right to do so.