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I think this is a big part of why so many VC funded "we'll figure out how to make money later" startups fail. The runway encourages a weakness in the DNA of th
by sdh 17y ago
I think this is a big part of why so many VC funded "we'll figure out how to make money later" startups fail. The runway encourages a weakness in the DNA of their company. If primitive man had a refrigerator full of food back at the cave, he would never have learned to hunt.
- charlesju 17y agoAs a bootstrapped company I understand what you mean, but that doesn't mean companies like that cannot succeed. ie. Google, Yahoo, Facebook, Digg, etc.
- ryanwaggoner 17y agoAccording to Zuckerberg, Facebook already had thousands or hundreds of thousands of users when they took funding, and they were funding growth with ad revenue.
- grinich 17y agoFrom what I've heard, they took funding primarily to build the photos app, which ended up being FB's killer feature over other social networking sites at the time.
- falsestprophet 17y agoOne of Zuckerberg's Harvard friends, Eduardo Saverin, funded the company early on. Eduardo had good luck trading futures to the tune of several hundred thousand dollars profit.