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It's a quote from Upton Sinclair from an era where you generally had to have a profitable business and employees before you had investors.
by willturman 2y ago
It's a quote from Upton Sinclair from an era where you generally had to have a profitable business and employees before you had investors.
- novok 2y agoThere were many ventures in the past that got investors without a current profitable going concern. Oil & mining speculation, chartering boat crews to go on exploration expeditions and more.
- Terr_ 2y agoIndeed, public investment was born from large projects where any profit would be many years off.
- fragmede 2y agoI know theres this whole joke about being pre-revenue on the Silicon Valley TV show, but getting investors in order to be able to build a business which becomes profitable after goes back a long time. Like a really long time.