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A comment on Do success stories cause false beliefs about success?. Parent comment

Re:Do success stories cause false beliefs about success? by yawnxyz on Sunday January 16, 2022 @09:03AM (#29956040)
We've been bootstrapping our weird tech/bio/techbio startup for the last four years... it's NOT EASY at all, but we've made it to the point that we're ramen profitable (For now) and it's kind of an amazing feeling.

Of course I'm making like 1/5 I would at a tech company, but we're literally saving people's lives, and that really makes up for not making as much.

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Re:Do success stories cause false beliefs about success? by Simon_O_Rourke on Sunday January 16, 2022 @10:48AM (#29956914)
Kudos to you! In that time did you ever feel that you were being unfairly compared to certain unicorn startups as you were becoming profitable?

How does the reach of FAANG and their financial clout make it difficult when you're hiring devs?

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Re:Do success stories cause false beliefs about success? by xwdv on Sunday January 16, 2022 @01:20PM (#29958425)
You may not want to hear this but four years is way too long to reach ramen profitability and it’s not a good signal for future success of that startup.
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Re:Do success stories cause false beliefs about success? by openknot on Monday January 17, 2022 @12:17AM (#29963558)
Could you please state a source or elaborate your reasoning? That is a very bold claim, especially since biotech in particular has quite high costs. Note also that the objectives may be different (e.g. save more lives, versus maximize profits early).
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