3 ms·
I don't think the word "profitable" is the interesting part of the article--rather it's looking for inflection points in the time/utility function of your start
by hythloday 14y ago
I don't think the word "profitable" is the interesting part of the article--rather it's looking for inflection points in the time/utility function of your startup. It's making the point that the interesting point is not when the final figure in some parboiled accounting books is positive, but when you have enough confidence in it to use it as your primary source of income.
I'd urge you to re-read it and not fall into the trap of believing he's making an argument on semantics. There's a useful point there.
- mindcrime 14y agoFair enough, maybe it's just that the headline is misleading. No doubt, that inflection point does matter... But I wish he'd been clearer in saying that that's what he's talking about. But even if we acknowledge that that inflection point is important, what conclusion is he asking us to draw from it? Does acknowledging or not acknowledging this point make much difference to any strategic or tactical decision a hypothetical startup founder is going to make? I mean, if the OP had made a point about "this is how you know when to go raise outside money" or "this is how you know it's time to shut down the "profitable" startup," then I'd have found this valuable.