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For-profits have to spend money to keep bringing it in, too. Every company has an Accounts Receivable person, even if it's a one-person business you spend a lot
by burnte 3y ago
For-profits have to spend money to keep bringing it in, too. Every company has an Accounts Receivable person, even if it's a one-person business you spend a lot of time bringing in business and bringing in payments. Everyone's quick to buy, few are quick to pay.
- matisseverduyn 3y agoNot enough people realize how high CAC (customer acquisition cost) really is, even for established businesses selling proven products (took a pic of a display board outside of AT&T: free iPhone and $800 to new customers). I think they see people finding overnight success on a weekend project, like these popups on ProductHunt, not realizing that they're ultimately piggybacking / riding the wave of someone else's huge CAC / marketing budget (in this case, OpenAI). Same happened with blockchain, etc.
- quickthrower2 3y agoProductHunt type products are marketing using sweat capital/equity so it looks “free”
- deleted 3y ago[deleted]
- toyg 3y agoMy shopkeeper granddad used to say that one should always get paid as soon as possible and pay out as late as possible. That's cashflow management in a nutshell, really.
- burnte 3y agoYep.