Do whatever makes you happy is a lie

Re:Do whatever makes you happy is a lie by kylec on Wednesday August 28, 2013 @09:44AM (#6289858)

    Telling investors that the startup makes no revenue is a joke to them

Maybe this is just poor word choice on the part of the author, but a startup with no revenue is a joke unless you haven't launched yet. If you have, you still haven't taken in any money, you might want to think about whether the product or service you're offering is worth someone paying for.

On the other hand, if the author meant "profit" instead of "revenue", then this sentence makes far more sense, there are plenty of promising startups and companies whose expenditures currently exceed their revenues, and shouldn't be outright dismissed by potential investors.

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Re:Do whatever makes you happy is a lie by bluedino on Wednesday August 28, 2013 @10:20AM (#6290090)

"We have a million and a half users in 3 months" is a pretty good substitute for "We're making a million dollars in revenue a year"

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Re:Do whatever makes you happy is a lie by qu4z-2 on Thursday August 29, 2013 @02:09AM (#6294520)

By that heuristic "free-beer.com" is a great startup! :)

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Re:Do whatever makes you happy is a lie by dasil003 on Wednesday August 28, 2013 @09:57AM (#6289934)

> [...] but a startup with no revenue is a joke unless you haven't launched yet

or is Instagram. And as much of a black swan as Instagram was, don't forget that you don't have to be Instagram, you just have to convince a VC that there's non-negligible chance that you might be.

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