You are right about the math and I respect that you did that with delicious but not many entrepreneurs are like you. No matter how it much it "make sense" to n

You are right about the math and I respect that you did that with delicious but not many entrepreneurs are like you. No matter how it much it "make sense" to not raise more, most entrepreneurs will do the opposite and not take the risk of running out of cash before the exit. It's like the blue and red pill. I'm not sure how you define startups but that's subjective and I think all new companies are startups. I would say most new companies have a clear revenue model in the beginning and it's all about making it happen or pivot till you got it right. There are some that don't have one at the early stage and it's also rare to see one that had gotten successful versus most that just got bought without even breaking even or mmde a single dime.