But is it? You can serve a small niche of users, focusing on profitability rather than growth, & know it’s something users want
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Replying to @lukecannon727
Sure. But then it's just an ordinary business, not a startup.
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Replying to @paulg @lukecannon727
This would mean (which I haven't heard in any definition of a startup) that a feature is to not be focused on profitability. The interesting thing about that is that is not coming from customers. That's capital that's said we'll worry about money in a couple years cz they have $
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Feel like everyone here is just talking past each other. I could be wrong here, but growth is defined broadly. Maybe daily average users. Maybe overall cash inflow. Maybe total customers. All changes depending on timeline of business. Key is focus on "growth" today to maximize
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Replying to @demaria_michael @dominiconorton and
Cash in the future. That's what a business (or a startup) is. It's long term cash flow. So define what growth is for you, at your stage, to maximize long term cash.
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In direct relation to what I asked. Paul hinted to a business that focuses on profitability just being a regular business. Meaning if you focus on profitability you’re not a startup. That’s interesting. Also I understand it’s Twitter. A place for loose and working ideas.
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Replying to @dominiconorton @demaria_michael and
You didn't understand it correctly
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Replying to @JorgBardales @demaria_michael and
Asking for clarity in your perspective. What is the "correct" understanding of this in your interpretation?pic.twitter.com/AxLn7GEd3H
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Replying to @dominiconorton @demaria_michael and
When you are a small growing startup that has product market fit, at least at some level, the question everyone is asking is how big can you get. The only way you can now this is by growing and therefore that should be your focus. If you can grow and be cash + you should do it.
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Replying to @JorgBardales @demaria_michael and
What is the difference between a Startup and "an ordinary business"?pic.twitter.com/IKjMnnoGdA
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Replying to @paulg @JorgBardales and
"The reason VCs like to invest in startups is not simply the returns, but also because such investments are so easy to oversee. The founders can't enrich themselves without also enriching the investors." The closest model to win-win for both investors and founders(in most cases)
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