3 ms·
Yeah, 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 p
by arsalanb 8y ago
Yeah, 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.