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But yes, the bottom line needs to be solid and you are insane if you don't watch that like a hawk. Looking at the average startup, it seems like insanity is th
by swombat 15y ago
But yes, the bottom line needs to be solid and you are insane if you don't watch that like a hawk.
Looking at the average startup, it seems like insanity is the rule rather than the exception...
- tluyben2 15y agoYeah that's what worries me when reading all the stories here; it seems that we shouldn't care about the bottomline in startup mode. In my, maybe old, mindset, I try to break even as fast as we can and THEN start growing. I see a lot of exceptions where this way of company startup would not work, but a lot of them should do it this way imho. The funding => jumping too high method is too much slot machine for me. Especially if you are not doing consumer services/products, it is almost always possible, if your idea has merit, to run a profit even before you built anything. Then funding is a much safer bet.