Quit the job and joined a Silicon Valley StartupDec 29, 2018
Just quit the previous job, and joined a Silicon Valley startup , and find out that it burns investors money so much every month and barely makes income. The company is looking for funding constantly. It this normal that the business model seems not making money but investors still believe and pour money in?
- Walmart.com klick!Does the startup have some ML/AI idea and required buzzwords? Then investors pouring money is understandable. Think about what value the startup brings to the society and if it is solving a real problem instead of fabricating one. If yes and yes, then good for you.
- Facebook LetitrainIf the founders had some prior successful exits then the investors don’t mind. I have a friend that sold his firm recently and with his new venture his seed itself is at 20mn, and they are spending money on coolaid but then the investors know that they wont lose their dimes