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Think Your Start-up Is Venture Worthy? Think Again.
- wmeredith 17y agoI'm still amazed that there are companies with no business model that people will invest in. I understand this works out (occasionally) but I still really don't get it. I mean if you're spending millions and don't make money, and don't have a plan to make money, juts a plan to spend more money (i.e. acquire more users) how is that a business?
- metajack 17y agoBecause for venture-backed companies, becoming wildly profitable is only one of several possible exits. Acquisition, IPO, and bankruptcy are the most common other exits.