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Where are your customers based? Delinquency has never been an issue for us. In some 25 years we only had one customer not paying us an invoice of USD 1,500 over
by antaviana 10y ago
Where are your customers based? Delinquency has never been an issue for us. In some 25 years we only had one customer not paying us an invoice of USD 1,500 over accumulated revenues of US 30 million, and it was because the customer went bankrupt the month after the invoice (unlucky). However we noticed that US-based customers may delay payments sometimes for months but in Europe they tend to pay on time.
- dboreham 10y agoSilicon Valley typically but also the East Coast, and also the mom and pop individuals we used to provide internet service to locally weren't always great at paying. Note that I don't necessarily mean customers won't pay ever (although that's happened many times to us), but rather they will pay randomly, not according to the agreed payment terms, treating you as a free bank to fund their working capital needs; a way to improve their cash flow position when they're being acquired; and on and on.