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by paulitex
5351 days ago
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"Revenue generation is third on the list. It is really “nice” your balance sheets to have 7 or even better 8 zeros next to Revenue. Profit…" This is just wrong. Even Google had early minor revenue. Revenue traction is king, it's the best kind of traction. User traction is a higher-risk proxy and thus must be more impressive to result in the same valuation after the risk discount. Aside: Wanting to start a lifestyle startup does imply, correctly so, less ambition than the swing-for-the-fencers founders. That's why they're easy to pick on, ambition makes for much better stories. |
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quite a lot of tragedies have ambition as the "fatal flaw" of the main character.
Having revenue or profit also starts to give a point of reference for your valuation if you are raising money, which may or may not be what you'd like.