2 ms·
Amen. Yeah it's exciting to get a big investor check. You know what's way more exciting? Being profitable. I occasionally get approached to help seed startu
by crikli 11y ago
Amen. Yeah it's exciting to get a big investor check. You know what's way more exciting? Being profitable.
I occasionally get approached to help seed startups whose entire plan depends on a) getting funded and b) getting acquired. I enquire about a path to profitability and the answer frequently reveals a token effort. The CACs are unrealistic, market penetration estimates are hopelessly optimistic, etc. The entire play is acquisition or death.
- danieltillett 11y agoBeing profitable is hard work. Much more fun to play the startup game, throw some wild parties, and be acquired than building a real business making real money.