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> Don't raise money unless you want it and it wants you. But this is pretty much the whole point and most startups DO need money because without it nobody can
by yeukhon 8y ago
> Don't raise money unless you want it and it wants you.
But this is pretty much the whole point and most startups DO need money because without it nobody can hire anyone.
- sergiosgc 8y agoYou can make money the old fashioned way, by selling stuff someone wants, and then use it to hire staff.
- arsalanb 8y agoYeah, but initially you make very little money. To make more money (at least enough to hire somebody), you need to improve your product or sell it to way more people, for which you need money. Often times you even need money to build your product in the first place.
- goatherders 8y agoThe VAST majority of companies- including those in tech- dont raise money. They earn it through sales and use that to hire people.
- yeukhon 8y agoDropbox would not be possible without raising money. Airbnb would not be possible without raising money first. Uber would not have been possible without raising money. Some of them can make revenue from the get-go, some can't. But the truth is most of them would not have survived this long without first round of seed money.
- goatherders 8y agoYou listed 3 multi billion dollar businesses. Those are the exception in the business-owner community.
- yeukhon 8y agoNot really. They were just another startup at the beginning.
- jacques_chester 8y agoPretty much every "start your own business" class sponsored by governments and schools talks in great detail about how to get a bank loan.
- rytill 8y agoYou don’t see the catch-22? Or do you believe that no startups require a staff of more than a few cofounders to build their product?