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Well, I mean, an article entitled "How we started a business" could involve how they raised money. Given that this is HackerNews, it's maybe even more likely t
by fishtoaster 9y ago
Well, I mean, an article entitled "How we started a business" could involve how they raised money. Given that this is HackerNews, it's maybe even more likely than not. The term "bootstrapping" precludes that. And "business" could mean anything from a desktop app to a physical t-shirt factory to a copper-mining concern. "SaaS Startup" means something much more specific. And yes, they could have said "... to enough profitability to cover our living expenses," but "ramen profitable" seems more concise in a context (like HN) where the audience knows what it means.
I'm all for calling out buzzwords, but each word here seems to do a decent job of communicating a lot more than "How we started a business."
- JamesNK 9y agoHe isn't criticizing the title, it's just a hot take on how the nature of starting a business has changed.
- vonnik 9y agoAnd he's wrong. The 80s was the era of cheap cash. A lot cheaper than now. And people have been getting their starts on VC for decades.
- icedchai 9y agoFor the average person, meaning someone getting a business loan or mortgage, this just isn't true. Take a look at historical bank rates. They're much cheaper now than the 80's.
- dragonwriter 9y agoCorrect. https://www.jpmorganchase.com/corporate/About-JPMC/historical-prime-rate.htm https://www.jpmorganchase.com/corporate/About-JPMC/historica... The 1980s may have been a time when some borrowers had easier time getting credit at all, but it wasn't a time of “cheap cash”.