Are you disagreeing that investment is often needed in order to gain profit?
I definitely did not advocate gambling money away, but rather that "an objective view of the situation" requires you "to understand the impact existing investment has had on the road to profitability."
In a follow up to another comment in this thread, I specifically call out the difference between gambling, where (usually) any investment so far has no impact on future earnings; and investing (in particular investing in startups), where the time and money invested so far can have an impact on future earnings.
To be concrete, the next spin of the roulette table has no correlation to the amount of money you won or lost on the previous spin, but your chance of selling an app on the app store in the next month is directly correlated to how much of the app has been written already.
I definitely did not advocate gambling money away, but rather that "an objective view of the situation" requires you "to understand the impact existing investment has had on the road to profitability."
In a follow up to another comment in this thread, I specifically call out the difference between gambling, where (usually) any investment so far has no impact on future earnings; and investing (in particular investing in startups), where the time and money invested so far can have an impact on future earnings.
To be concrete, the next spin of the roulette table has no correlation to the amount of money you won or lost on the previous spin, but your chance of selling an app on the app store in the next month is directly correlated to how much of the app has been written already.