Re:How I Crashed and Burned in Y Combinator
by GoLocalApps on Monday January 12, 2015 @01:55PM
(#8875691)
ROI /= Profit.
See Amazon (or as noted below, Instagram).
However I also think that is a problem for many people who want to startup. They don't usually think about how they'll show a profit and manage to run their business within that profit. Investor money gets them started and an exit by selling an unprofitable yet growing business to a larger company is the goal.
See Amazon (or as noted below, Instagram).
However I also think that is a problem for many people who want to startup. They don't usually think about how they'll show a profit and manage to run their business within that profit. Investor money gets them started and an exit by selling an unprofitable yet growing business to a larger company is the goal.