A good product shall sell itself. Otherwise discontinue it and pursue something that can sell itself.
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Couldn't agree more. This practice is costing India it's startup ecosystem.
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although as we discovered in India last year, the flood of VC-funded ads do help prop up the media and pay journalist salaries, etc
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@mwalsh such an oversimplification. ROI and churn matter here not the amount you raise to spend on paid mediaThanks. Twitter will use this to make your timeline better. UndoUndo
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excess cash helps u hide problems, not solve them.
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@punitsoni it applies for Indian ECommerce companiesThanks. Twitter will use this to make your timeline better. UndoUndo
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let's talk about some serious. When are we going to open YC branch in
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I think of Thiel on Paypal's early days. They needed users for the network effect. I suppose many startups can justify it that way.
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paypal?
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Special case of "unit economics must work", in that such cases involve paying more than customer lifetime value for acquisition?
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@punitsoni Also it sets a wrong precedence/perception which would hurt in a long term.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@thenetworkhub Not if you also have a bad churn rate. If they aren't looking at that...I'd not give them money.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FuzzieLabs agreed, only attractive if the risk is for the investors instead of their representatives or investees.#pyramidscheme -
What you talking about Jilles?http://cdn.memegenerator.es/imagenes/memes/full/3/58/3581948.jpg …
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both are spending money that isn't theirs.
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