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The author seems to be making the mistake of conflating accounting profit and economic profit. After 4 months of work, he has achieved accounting profit, but I
by morgante 12y ago
The author seems to be making the mistake of conflating accounting profit and economic profit.
After 4 months of work, he has achieved accounting profit, but I speculate he's pretty far from economic profit ($5,000 for 4 months is likely far less than he'd earn as an employee). Moreover, the idea doesn't seem interesting or large enough to actually grow into an economically profitable venture.
- dikaiosune 12y agoI think that the 4 months was spent by his outsourced developer. The marketing efforts he describes in the span between when he set them to work and when he launched don't sound like they add up to 4 months of full time work. I imagine he's taken the "slow-cooker" startup approach: set it and forget it.
- mrrobbo 12y agoHi - I spent no more then 24 hours of combined work on getting this validated and pre funded. Leveraging the power of the globe and the Internet to bring it to life :)