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A comment on How to proceed when you run out of cash, but you still believe?. Parent comment

Re:How to proceed when you run out of cash, but you still be... by jkuria on Wednesday December 04, 2019 @04:01PM (#21706908)
Google didn't have a business model when they started but they were sure they were building something useful. I don't know much about fashion and I don't know if what they have is truly useful, but I respect them a lot and will see if I have contacts I could introduce them to.
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Re:How to proceed when you run out of cash, but you still be... by aeturnum on Wednesday December 04, 2019 @04:06PM (#21706973)
Google's initial funding, when they did not have a business model, was around 1 million dollars. By the time they got a significant chunk they had decided to use ads to try to monetize. Not all useful things make sense as income generating businesses.
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Re:How to proceed when you run out of cash, but you still be... by jkuria on Wednesday December 04, 2019 @06:44PM (#21708397)
Not according to In the Plex. They had raised money from Sequoia and Kleiner Perkins and John Doerr was almost losing his mind on how much cash they were burning through with no business model. Finally, in an act of desperation, they copied Overture's model. The rest is history!
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Re:How to proceed when you run out of cash, but you still be... by sokoloff on Wednesday December 04, 2019 @09:23PM (#21709414)
$1MM in 1988 is about $2.15MM today, hardly different from what these folk raised.
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