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by TameAntelope 2004 days ago
Your comment seems to echo a fairly common refrain in this submission, that a startup should be miserly with their cash.

What's the disconnect, I wonder? Why is there this belief that an early stage startup should pinch pennies? Am I missing something?

For me, time (to spend building and selling) is substantially (like 2-3x or even higher) more valuable than cash at this stage. Am I undervaluing cash?

3 comments

If you see value and can afford it, sure go for it. The goal of my comment wasn't to dissuade people from spending on SaaS, but rather to inspire others who don't have the luxury of have extra cash to be not discouraged by articles like this.
I assume there's going to be a pretty big difference between bootstrapped and funded startups. Efficiency is nice, but you need some runway too. Even if you move fast, your clients probably aren't and you need to last until the momentum gets going.

On the other hand, it's likely many are going too far, there's no point in being a zombie company for years. If you fail, better fail fast.

It's technical people who don't know the first thing about running a business, and don't know how to properly value their time.