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Germans are pretty conservative. There was a successful German startup that I looked at, that bragged about how cash flow positive they were. I said FFS, why? I
by RockyMcNuts 14y ago
Germans are pretty conservative. There was a successful German startup that I looked at, that bragged about how cash flow positive they were. I said FFS, why? In the US in a high growth startup land grab type business, you would put all the cash back into the business to grow it as fast as possible, including internationally, instead of hoarding it and bragging about how solid and conservative you are.
- rapind 14y agoDifferent values? Maybe they're happy with what they've got and don't need to risk it all for a very small improvement in their already fantastic lifestyle? I'm not criticizing founders who decide to go for it all, but I definitely wouldn't look down on a small but successful business like their clueless. I personally find the profitable and sustainable business model way more attractive than the grow for the sake of growth model.
- RockyMcNuts 14y agoSometimes the only defensible market position is #1. it's a natural winner-take-all market with strong network effects. You could end up #1 in Germany against a #2 who is #1 in the rest of the EU - when by moving faster you could have been #1 in the entire EU.
- rapind 14y agoSure, this makes sense some times. Other times it may turn a profitable business into a spectacular and over-hyped failure.