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This is meaningless article. I think this is common sense that when you are starting business, you have to adjust your life style to that. Suddenly, you won't
by tomashertus 8y ago
This is meaningless article.
I think this is common sense that when you are starting business, you have to adjust your life style to that. Suddenly, you won't be getting regular hefty paycheck from Google and have to rely on your business income. If the income is not able to sustain your current life style, you have to adjust otherwise you will burn through your cash. That is reasonable in the short term, but should ring a bell if it takes more than 1 year to be able to live from your startup salary.
On the top of that, you have to adjust the company to the "startup" budget as well. I have seen so many people go nuts with hiring, benefits and useless spending after getting large seed or series A.
- keeptrying 8y agoThats like saying weight loss is common sense and theres no need to talk about diabetes. Also building muscle and weightlifting is common sense and thus theres no need to talk about growing old. And finding the right spouse is common sense and theres no need to talk about divorce.
- tomashertus 8y agoohh c'mon this is childish argument, we can do better no? Have you read the article? It does explain why they, after 9 years of hard work, end-up having financial issues. What was the reason for them to not to have financial viable product? Was it cause of over-hiring; over-engineering; wrong market? There are always problems in companies, so what was the unique experience they have that they can confidently put all startups into one bucket and say: "Look this bucket, this is suicide bucket!".