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If you're cashflow positive (or on your way), you won't need connections. They'll just take the meeting.
by smt88 4y ago
If you're cashflow positive (or on your way), you won't need connections. They'll just take the meeting.
- gurumeditations 4y agoI wonder if anyone has insight into Tilt5 with Jerry Ellsworth. I hear complaints that they can’t raise constantly despite being a healthy profitable business.
- sitkack 4y agoI was always told that revenue and profit is bad for valuations. Profit is for lifestyle businesses.
- SkyMarshal 4y agoPossibly b/c it locks in a real valuation and prevents playing valuation games with future expected MAU/cashflow.
- lazide 4y agoThat’s when it’s ‘oh crap, go go go’ on the investor side, because the startup owners can’t play as many games with valuations. When the investors are picking and choosing, they usually want to see that you have some ability to deliver. It does make it harder to raise funds on vapor.
- deleted 4y ago[deleted]