One very smart VC once told me that it is bad that startups have profit/revenue before asking for money. Because, if you have profit/revenue they can predict your future growth, while if you are without revenue you can have wild predictions about future growth and convince investors into that.

And also if you have profit/revenue very early you are immediately marked as lifestyle business.

So the entire system is pushed toward wild and big bets without any space for relatively small things.

But I don't think this is bad ...