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I think one of the main problems with startups today is that founders don't think of making money at all..and the company folds within a year. Money is the lif
by paulhauggis 12y ago
I think one of the main problems with startups today is that founders don't think of making money at all..and the company folds within a year.
Money is the life-blood of any company. Any investor, including PG will invest based on a good chance that they will get an ROI. It's silly to pretend otherwise.
If a startup has "no chance of making money", it's not a startup. It's a hobby project..and it should be treated as such.
I only start companies that I know can make money. In fact, I find the profit model first..and then build my idea around the profit model. There are challenges and fun in almost anything.
- malisper 12y agoExcept YC also funds nonprofits[0]. [0] https://www.ycombinator.com/nonprofits/ https://www.ycombinator.com/nonprofits/