4 ms·
Or make money. Even a small cashflow can extend a pre profit startup’s runway significantly.
by mmaunder 4y ago
Or make money. Even a small cashflow can extend a pre profit startup’s runway significantly.
- lazide 4y agoWhat happens is this rather quickly means a lot of startups (70%?) are going to rather quickly admit that their ‘5 year long term product vision’ they’ve been trying to sell and are ‘almost there’ on launching is not actually going to happen because not enough folks are willing to pay for it, and/or another company already ate their lunch. Which is… harsh.
- mikeg8 4y agoHow is this harsh? It seems healthy to me.
- ineedasername 4y agoHarsh on the people it's happening to. Healthy in a macro economic sense.
- lazide 4y agoYup. No one likes to fail, especially if they were actually close. And a lot of folks, including employees, will suffer due to lack of other options. My guess is it will likely be especially harsh because of the length of time this has been going on in tech. We’ve been doing so much stuff with dubious economic value for so long, we barely even notice it anymore. But there is also a ton of value being produced (in real life), so it’s not like tech overall is going nowhere.
- shostack 4y agoI'm reminded of this Silicon Valley scene... https://youtu.be/BzAdXyPYKQo https://youtu.be/BzAdXyPYKQo