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An an European startup I had a bright smile when reading this article. Always fun to see how out of touch can startup founders be too often led believing that V
by nunobrito 10y ago
An an European startup I had a bright smile when reading this article. Always fun to see how out of touch can startup founders be too often led believing that VC money without balanced revenue/expenses is "normal".
They'd certainly be quick to get some cold shower around here. Too often a startup already needs to be profitable in most cases and have some heavy references before even getting 500k of funding, if at all.
- brianwawok 10y agoIs this why we aren't getting Google's and Facebook's and Twitter's out of Europe though?
- gunshigh 10y agoIt might also be why the US had the dot com and unicorn bubble. And note that Twitter is not, and has never been, profitable.
- meddlepal 10y agoI think I would take the bubbles over relative stagnation.
- nunobrito 10y agoI would like to disagree with that thought because neither are good options, but regrettably agree. Would kind of prefer to see more bubbles because then at least you increase the odds of more companies/people to deliver innovation (in the true and non-cliché meaning of the word).
- brianwawok 10y agoTwitter still seems a more interesting company than most startups I read about across the pond. I can't think of the last say UK based startup that drastically changed my life. I am sure they exist, but I can't think of one right now...
- PeterisP 10y agoIf you're looking from an investor point of view (the audience for different profitability metrics) then even the most vague measure of profitability is more relevant than whether it drastically changes the life of users - it you would want that, then you'd look for the charities with most impact per dollar instead of gifting that money to finance the burn rate of an unprofitable (but interesting) tech startup.