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This is a weird argument. Lots of people raise big money to start a restaurant. And lots of people don't raise any money to start a SaaS.
by eli 8y ago
This is a weird argument. Lots of people raise big money to start a restaurant. And lots of people don't raise any money to start a SaaS.
- edanm 8y agoWhich is why raising money isn't the defining feature of a startup. And being a SaaS is likewise not a defining feature of a startup, necessarily.
- briandear 8y agoIt’s not the amount of money, it’s the amount of money, relative to costs. A restaurant buildout can cost $1 million pretty easily, so raising $1.5 million isn’t really “big” money in that context. But for a SaaS, $1.5 is “big” relative to the startup cost. Thus more of that $1.5 goes towards growth rather than just opening the door for business. “Big” money is relative to the costs of getting the business started.