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Telling investors that the startup makes no revenue is a joke to them Maybe this is just poor word choice on the part of the author, but a startup with no reve
by kylec 13y ago
Telling investors that the startup makes no revenue is a joke to them
Maybe this is just poor word choice on the part of the author, but a startup with no revenue is a joke unless you haven't launched yet. If you have, you still haven't taken in any money, you might want to think about whether the product or service you're offering is worth someone paying for.
On the other hand, if the author meant "profit" instead of "revenue", then this sentence makes far more sense, there are plenty of promising startups and companies whose expenditures currently exceed their revenues, and shouldn't be outright dismissed by potential investors.
- dasil003 13y ago> [...] but a startup with no revenue is a joke unless you haven't launched yet or is Instagram. And as much of a black swan as Instagram was, don't forget that you don't have to be Instagram, you just have to convince a VC that there's non-negligible chance that you might be.
- bluedino 13y ago"We have a million and a half users in 3 months" is a pretty good substitute for "We're making a million dollars in revenue a year"
- qu4z-2 13y agoBy that heuristic "free-beer.com" is a great startup! :)