4 ms·
On the other hand, I was hired at a startup a few years ago that had never raised money, had been profitable for a decade, and was just minting money hand over
by jononomo 4y ago
On the other hand, I was hired at a startup a few years ago that had never raised money, had been profitable for a decade, and was just minting money hand over fist. It was a tech company, though, so it qualified as a "startup". (It was EasyBib.com)
- mdorazio 4y agoJust because you're a tech company does not mean you're a startup. Especially if you've been running for 10+ years...
- yieldcrv 4y agoyeah isn't it interesting how the unnecessary and easily harmful thing of raising capital is seen as validation? it just gets you press, but if there isn't really a larger TAM then you can personally wind up making less money than just keeping full ownership of the company. thinly held companies can be conduits for really decent sums of money completely privately.
- tasuki 4y agoI thought "startup" meant more along the lines of "quickly growing burning vc money with the goal of 1000x or perish" rather than "tech company"...
- jononomo 4y agoNo -- it means everyone is 23 years old and you get free lunch.