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Presumably the same reason many profitable businesses raise outside funding: to grow faster.
by pg 18y ago
Presumably the same reason many profitable businesses raise outside funding: to grow faster.
- fauigerzigerk 18y agoThat's true, but I wonder what I would buy for the money that helps me grow the business faster within 90 days. Employing people is excluded, renting office space is useless in that time frame, so the only things I can imagine are buying rights to something or buying actual physical merchandise. Buying services, i.e outsourcing much of the work, is just a way around the no employees rule. Labour cost is probably the biggest chunk of most growing software startups' cost and that's excluded. My conclusion is that it needs to a be rights based business. Buy rights to something, add value quickly, and resell the results.
- cstejerean 18y agoWhere did you get the "no employee" rule? If I understood correctly the whole point of this was to create jobs, but that everyone hired needs to work, not organized into layers of management.
- fauigerzigerk 18y agoYes it seems you're right. I misread the rule. Now the proposal appears much more logical. Thanks for making this clear, you get my upvote.