3 ms·
Expenses of $100k/m with income of $10k/m can definitely happen outside SV. Often it is even more extreme, where you spend millions of dollars before you earn a
by jefftk 4y ago
Expenses of $100k/m with income of $10k/m can definitely happen outside SV. Often it is even more extreme, where you spend millions of dollars before you earn anything.
Let's say I have an idea for a new type of air purifier. I will need to build prototypes, test them, sort out manufacturing, build large numbers, get agreements with various distributors, and all this while not bringing in much if any money yet. If all goes well, however, the investment pays off and once I'm making my new product at scale I more than make up for those initial costs.