Re:Ask HN: Who wants to be hired? (May 2021)
by iamcreasy on Monday May 03, 2021 @07:38PM
(#27032301)
I don't know much about startups or how they are funded. Can you please elaborate it in simpler terms?
[ Parent
| on HN ]
Re:Ask HN: Who wants to be hired? (May 2021)
by muzani on Saturday May 08, 2021 @07:19PM
(#27091701)
Seed funding: There is little to no revenue. There is no business model. The startup is trying lots of different things to see what sticks. Most of the work is building prototypes and throwing them away.
Series A: Startup is making money and has a repeatable and scalable business model. They may still be in the red with fixed costs, but every dollar spent on marketing returns more than $1 in income. The work is usually turning those hacky prototypes into stable code.
Re:Ask HN: Who wants to be hired? (May 2021)
by annoyingnoob on Tuesday May 04, 2021 @12:12AM
(#27033995)
People don't usually want to invest in your wild idea or in the wrong team. If you've had a series A then someone has vetted your idea and your team.