4 ms·
Cash is not king
- albertni 18y ago"Cash on hand is just one important variable in a startup’s life, but it’s not necessarily the most important. What matters most is the number of iterations the company has left." Gotta admit, I appreciate it when attention-grabbing headlines are followed up by the first line or two actually describing what the post is about. It's a good one-two combo.
- deleted 18y ago[deleted]
- iigs 18y agoThe article seems to be (primarily) framed in the context of a startup gasping for a last breath of air. It seems like this would also be tremendously valuable advice for a company when times are good. Furthermore, it's thought provoking to consider the beneficiaries of US federal bailout money in this context.
- mattmaroon 18y agoA startup usually feels that way until the moment the acquirer's check cashes.
- skmurphy 18y agoThomas J. Watson Sr. (1874-1956) ran IBM for many years and was famously quoted by Charles Westrill "Would you like the formula for success?" "Double your rate of failure." I hadn't made the connection to startup runway until Eric Ries did the math in this post.
- swombat 18y agoInteresting. What if you do hit the right business model right out of the garage? Is that considered a bad thing?
- jbert 18y agoI think that comes under the heading of "nice problem to have". I guess a related question is "how/when do you decide to iterate - i.e. change your direction/customer focus/etc"