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GAAP accounting is for stable cash flows in well understood businesses. Bootstrapping (funding growth with revenue) isn't the silicon valley way; the silicon v
by blobbers 4y ago
GAAP accounting is for stable cash flows in well understood businesses.
Bootstrapping (funding growth with revenue) isn't the silicon valley way; the silicon valley method is as follows:
1. get funding
2. grow team/build product
3. raise more funding and find product market fit
4. seize control of market / make large top line moneys
5. repeat 3/4 a as necessary.
6. acquisition/IPO, shareholders payout.