3 ms·
This further hits home the lack of business acumen of the founders. Let's assume BOM is an order of magnitude off -- 10x what it should be. That doesn't mean fi
by thathndude 4y ago
This further hits home the lack of business acumen of the founders. Let's assume BOM is an order of magnitude off -- 10x what it should be. That doesn't mean fixing the problem would 10x profits. It would merely reduce BOM by 10x. Thus, if you can sell the thing for $600, you actually 20x Profit!
Missed opportunity by this startup.