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This article vastly overestimates the value of tech buzz and considerably underestimates the value of revenue. Buzzed about tech companies where their founders
by smalter 13y ago
This article vastly overestimates the value of tech buzz and considerably underestimates the value of revenue.
Buzzed about tech companies where their founders are giving talks, they get mentions on twitter, they're talked about on HN, etc., but that are actually going nowhere are a dime a dozen.
Revenue actually changes the underlying economics of your business so it's close to the essence of what a non-vanity metric is.
This article takes a really short-term and dismissive view of revenue. If you're at $1M ARR after a year, throw a party and invite all of your best friends -- you've done something that less than 1% of startups will ever accomplish. If you're at $1M ARR after a year, imagine where you will be after 5 years.
Of course, revenue is just part of the picture. You have to look at revenue growth, whether it's transactional or recurring, how monetization happens, the market opportunity, etc. etc. But I'm pretty confident that revenue is a better indication of how a company is doing than Facebook likes, Twitter mentions, web traffic, etc. that currently comprises the author's startup momentum index.
- coolsunglasses 13y agoSour grapes are at play in the original content.