21–30 of 264 posts
Earlier quoted context omitted.
Lots of startups provide needed products and services. I don't think that's enough. They need to provide needed products/services in a way that can be sold/marketed profitably, and scaled profitably.
Yes. I always need 1 dollar for 95 cents.
I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?
I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?
I am currently graduating with a CS degree and interpreting this as a warning to not accept the offer from the exciting startup and instead accept the offer from the big corporate fintech company. Is there any reason I could be wrong?
Translation: as has been the case since the dawn of capitalism, companies going forward will have to turn a real, liquid profit from selling an actual good or service. Gone are the (highly anomalous) days of starting a purposefully unprofitable company whose only path towards “profitability” is a) getting acquired or b) endless rounds of VC funding.
and worst of all, c)pursuing a predatory pricing strategy to monopolize the market and crowd out competitors.
Companies that have a good ideas and provide needed product/services will survive. I think the era of stupid money chasing silly ideas are over. Same thing happened at the end of the dot-com era.
> I think the era of stupid money chasing silly ideas are over It's quite possible that this era of that is over, but I'll eat my hat if another era of stupid money chasing silly ideas doesn't spring up within a decade.
Make an effort YC.
Translation: as has been the case since the dawn of capitalism, companies going forward will have to turn a real, liquid profit from selling an actual good or service. Gone are the (highly anomalous) days of starting a purposefully unprofitable company whose only path towards “profitability” is a) getting acquired or b) endless rounds of VC funding.
>> starting a purposefully unprofitable company whose only path towards “profitability” is a) getting acquired or b) endless rounds of VC funding. and worst of all, c)pursuing a predatory pricing strategy to monopolize the market and crowd out competitors.
Companies that have a good ideas and provide needed product/services will survive. I think the era of stupid money chasing silly ideas are over. Same thing happened at the end of the dot-com era.