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by wpietri 1907 days ago
For an early-stage venture-backed startup a small amount of revenue is worse than zero revenue. What the CEO has sold to investors is slices of glorious future potential. But once you have cold, hard cash coming in, suddenly people start evaluating you as a present, actual thing. And in practice, the amount of money coming in from a new, experimental product won't do shit to drop your burn rate. Better to stay in the land of glorious potential until you're sure your revenue graph is going to be the beloved hockey stick.
1 comments

Ah yes, the classic Radio on Internet: https://www.youtube.com/watch?v=BzAdXyPYKQo
Wow, that's so good. I've still never seen the show, as I am pretty sure I would die. But I really appreciate the clips I have so far survived seeing.