4 ms·
This is exactly what I mean by 99% HN dev cohort completely out of touch with reality. Twitter is absolutely a startup. They are trying to a) find product mark
by deltree7 4y ago
This is exactly what I mean by 99% HN dev cohort completely out of touch with reality.
Twitter is absolutely a startup. They are trying to
a) find product market fit with a new vision
b) Have negative cash-flow, so everyone has to workhard to reduce burn rate.
c) Will have new fresh equity issued them with high upside rewards.
d) Will have a liquidity event in a couple of years (IPO)
For all practical purpose, Twitter is a startup.
Musk will issue new equity
- tablespoon 4y ago> Twitter is absolutely a startup. They are trying to a) find product market fit with a new vision b) Have negative cash-flow, so everyone has to workhard to reduce burn rate. c) Will have new fresh equity issued them with high upside rewards. d) Will have a liquidity event in a couple of years (IPO) That sounds like a very idiosyncratic definition of a "startup" that would match all kinds of poorly performing companies no one would label a "startup." I think being new, small, and chasing orders-of-magnitude upside from that small start are pretty key to the conventional definition, neither of which apply to Twitter anymore.