4 ms·
I think the standard model now if for first-time entrepreneurs to focus on revenue to show that they can successfully navigate the start-up environment. And the
by jayzee 16y ago
I think the standard model now if for first-time entrepreneurs to focus on revenue to show that they can successfully navigate the start-up environment. And then sell start-up for small $$. This is not f-u money but I can do it money.
Then you start your second company. Now you have credibility w/ vcs. Easier to raise money. Even in tough times. This time you aim much higher. For f-u money. And in that case you can wait till user base matures or technology solidifies before going in for the cash.
- mey 16y agoNot sure how common I am, but after working in several start-ups previously, my primary goal when I do make the leap into starting a business is to create something with slow growth, long burn, and self funded. The above article is still useful even in that context. Money in the door is money to keep the door open.