3 ms·
^ how not to be successful
by dustingetz 8y ago
^ how not to be successful
- sergiotapia 8y agoApplying 10 times at a single venture company is kind of brutal. 10 years is a LONG time.
- mynegation 8y agoIt’s more like 5. Each year there are two rounds (summer and winter)
- ganeshkrishnan 8y ago5 years is way way too long. I applied once at conception stage and once we had traction. I thought my two years was ridiculously long. If a startup is not making serious money after 2 years, it's probably dead in the water. People usually confuse their personal projects with startups.
- onion2k 8y agoIf a startup is not making serious money after 2 years, it's probably dead in the water. I don't think the time spent on a startup is a good measure of whether to give up or not. There are plenty of examples of companies that took longer than 2 years to get to significant revenue (and plenty more that have never turned a profit).
- ganeshkrishnan 8y agoIs true about companies taking longer than 2 years to get significant revenue? I am in 20th month and barely hitting $5k per month with a burn rate higher than that. Good to know other companies taking longer to get revenues; I don't feel like that much of a loser now ;)
- dustingetz 8y ago"Know the rules well, so you can break them effectively." Only you know if you are in observance or transgression. Obviously, anyone who is not you (e.g. VCs) will justifiably assume you are in transgression.