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> If you need to raise money to stay afloat, you're not going to be successful (except in a very minority of cases like Airbnb and Uber but your startup will mo
by edanm 3y ago
> If you need to raise money to stay afloat, you're not going to be successful (except in a very minority of cases like Airbnb and Uber but your startup will most likely not be at that level).
That's ridiculous. Some products need lots of development before they are ready to make money. You can (and probably should) still do smaller iterations to check market fit, but it's entirely possible to create products that take a lot of investment before they are able to make sense on a unit economic level.
Hell, ChatGPT, one of the most successful products in history at this stage, was the result of many years of work and research.
What you're saying isn't even just true of innovative startups - if I'm starting a restaurant, I'll often need lots of investment and multiple years to make back that investment before the restaurant makes sense, if it ever does.
- sbierwagen 3y ago>ChatGPT, one of the most successful products in history at this stage ChatGPT has a lot of users. Has it made a lot of money?