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Yes, the guy is saying "if your startup brings in $1500 while you put more than 200 hours a month into it, then you're not profitable." But it's wrong. Becaus
by its_so_on 14y ago
Yes, the guy is saying "if your startup brings in $1500 while you put more than 200 hours a month into it, then you're not profitable." But it's wrong. Because you're developing it, you're not hired labor. This is the fundamental reason it's wrong.
- debacle 14y agoThat's not how business works. For any definition of 'business.'
- its_so_on 14y agoSo let's get this straight. You're saying that a surgeon can't create a profitable online business if the total profit from it to him is less than if he had spent the same time practicing surgery? we're not talking about whether it's "worth it" for him, we're talking about from the point of view of whether the online business can be called profitable to an outside investor. Nobody cares about your unpaid sunk development costs.
- debacle 14y ago> Nobody cares about your unpaid sunk development costs. Not if they happened a year or six months ago, but if your unpaid sunk development costs are happening every day, then you're not profitable. You're not profitable until you're paying everyone who is working for you something relatively close to the wage they could be making as a regular employee somewhere else.