Quit the job and joined a Silicon Valley Startup

New / Design TurkeyGr
Dec 29, 2018 9 Comments

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?

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TOP 9 Comments
  • 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.
    Dec 29, 2018 0
  • Did you join Uber?
    Dec 29, 2018 0
  • New DvVM00
    normal
    Dec 29, 2018 0
  • Uber / Eng
    @w@

    Uber Eng

    PRE
    Capital One
    @w@more
    That's what a valley startup does. Were you expecting any different?
    Dec 29, 2018 0
  • Facebook Letitrain
    If 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
    Dec 29, 2018 1
    • New / Design TurkeyGr
      OP
      The funder do have successful exits, several, and he is very good at fund raising... but he new to this industry, not sure if he really knows what he is doing.
      Dec 29, 2018
  • Medallia hFEH36
    Most of the startups are the similar. They need to burn money to hire you and keep you entertained.
    Dec 29, 2018 0
  • Spotify KXAo87
    They're supposed to be using the money to capitalize a new business. If they weren't spending to go after that <hyper growth>, the investors would be upset
    Dec 29, 2018 0
  • Facebook public2
    Yep also you meant profit.
    Dec 29, 2018 0

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