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I am immensely curious to know about the finances & accounting of these businesses. None of the examples made sense to me about how they have enough to keep the
by n_ary 2y ago
I am immensely curious to know about the finances & accounting of these businesses. None of the examples made sense to me about how they have enough to keep the lights on. Please someone eli5 me.
May be American things are too different to me to imagine correctly.
- karaterobot 2y agoI didn't see enough in that article to really say how they're doing. But, remember that when the key word is 'startup', not having enough to keep the lights on may be an accurate summary of how they're doing. Being featured in an article by the Wall Street Journal may make it seem like these startups are doing great, but we don't really know. The fact remains that most startups aren't making much money at all.