Business Model Cost Cram Down Sales 
Startup Professionals Musings
JUNE 2, 2013
The single most important ingredient of success is not the idea, but having a team in place that has impeccable integrity, can iterate the product quickly, pivot the business model as necessary, and keep costs down in the process. Angel investors look for prior domain and startup experience. Funding risk. Exit strategy.
Growthink Blog
MAY 23, 2011
With this capital, the company propels itself to $50 million+ in revenues, and to either a sale to a strategic acquirer or to an initial public offering. Technical progress and market traction are much slower and cost a lot more than anticipated. There are a lot of dark, hard days. For most companies, it is simply a non-starter.
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