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Seen this from the beginning of 2011. Raise the money, throw a dotcom-grade party at MGM Grand, spend like there is no tomorrow. No worries, the product and cus
by garganzol 9y ago
Seen this from the beginning of 2011. Raise the money, throw a dotcom-grade party at MGM Grand, spend like there is no tomorrow. No worries, the product and customers don’t matter much. Networking and hustling are everything this is all about. Rinse and repeat.
This is unhealthy and could not last for too long.
- baldajan 9y agoI disagree. Sure some do that, but a lot don’t and focus on data on customers and are hard working. Even bad companies are hard working. It’s just sometimes the founders can’t get the product to have a product-market-fit. And product-market-fit is a lot harder to achieve than an outsider (of a startup) would think.