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Startups certainly die because their shoelaces are untied, which is what getting tripped up on financial accounting is like. But you don’t see champion marathon
by garry 9y ago
Startups certainly die because their shoelaces are untied, which is what getting tripped up on financial accounting is like. But you don’t see champion marathoners going to shoelace-tying workshops with the hope it will help them win races.
Finance is important but product, engineering, and marketing are far more essential to making something people want, and that is why YC and the best incubators spend most of their time on that.
- jamestimmins 9y agoI noticed that most of the products here seemed to sell a physical product, so unit economics would presumably be a bigger factor than if it was pure software. Does this type of company have more of a need/ability then to focus on the underlying financials? I think of the failed Kickstarter campaigns that had massive customer interest, but weren't able to deliver a good because it ended up being more expensive than predicted, or they delivered it at considerable financial loss.