I think if you have a plan for making money and can calculate your required runway with some level of accuracy (and it's short) then you're avoiding most of what this guy was warning against.
When you stand back and consider what Adam wrote - that to some extent we've taken the startup phase where a business was working its way towards making money and morphed that into a startup category of businesses that don't know how to make money - it is almost humorous. A business that doesn't know how to make money really just isn't a business. I think people have been much better at asking "How do you make money?" since the crash, but I do see the "all we need is users" strategy popping up more and more lately. G. -- Graham Lea gra...@grahamlea.com On 03/09/2012, at 11:44 PM, Dan Washusen <d...@reactive.org> wrote: > I basically agree with the sentiment of the post and obviously profit is a > great source of capital…but generally speaking, at least for an SaaS > business, the cost to acquire a customer greatly exceeds the amount you can > initially earn from a customer. Sure you'll (hopefully) earn far more than > CAC over the customers lifetime but you need capital to get them in the first > place... > > -- > Dan Washusen > Make big files fly > visit digitalpigeon.com > On Monday, 3 September 2012 at 10:30 PM, Graham Lea wrote: > >> Possibly old news for some... >> >> http://venturevillage.eu/startup-kool-aid# >> >> • Having a website or an app does not make you a startup, owning leather >> does not make you Batman >> >> >> • The best source of capital is profit >> >> >> >> -- >> You received this message because you are subscribed to the Silicon Beach >> Australia mailing list. Vist http://siliconbeachaustralia.org for more >> >> Forum rules >> 1) No lurkers! It is expected that you introduce yourself. >> 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs >> >> >> To post to this group, send email to >> silicon-beach-australia@googlegroups.com >> To unsubscribe from this group, send email to >> silicon-beach-australia+unsubscr...@googlegroups.com >> For more options, visit this group at >> http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
