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Should Startups Focus on Profitability or Not?

Both Sides of the Table

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. Internet scale.

Startup 418
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Startup Accelerator The Brandery Opens Applications For 2013

YoungUpstarts

Cincinnati, Ohio-based startup accelerator the Brandery is currently accepting applications for its 2013 edition of its four-month acceleration program for brand-driven consumer Internet startups. They continue to have success building their teams and raising money.”

Ohio 174
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How to find funding for your hardware startup while we’re waiting for the hardware revolution

Version One Ventures

Despite the recent media buzz surrounding the hardware revolution and emerging maker space, the overwhelming majority of hardware startups have a hard time attracting financing today. Hardware requires time, money, and inventory. De-risk your startup as much as possible. Focus on VCs who have done hardware before.

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4 Tips For Startups During A Pandemic

YoungUpstarts

The startup world is a perfect microcosm for these strange times — even in normal circumstances, a startup is always on a tightrope, one step away from unicorn status or financial ruin. As startups pivot to meet the changing landscape, here are four things to consider: 1. Evaluate and Reallocate Budget.

Startup 287
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6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

I stole the ideas for my first startups from other people. And we did, until the internet came on the scene a couple of years later and left us holding our floppy disks in our hands. What I’m saying is, I’m wholly unqualified to offer startup advice. Not all startups have to reinvent the wheel. Write it down on a napkin.

Detroit 156
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The Top 3 Financial Perks of Launching a Startup Company During College

The Startup Magazine

It is, in fact, the best time to jump right into entrepreneurship. Many will sit on the fence pondering if they can manage the added pressure of a college startup with exams looming. Below are three financial perks of launching a college startup during university. Fast internet speeds. Student Discount. Meeting rooms.

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Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” What did they actually do?