 easy to convert Bitcoin to USD. You can sell them at Coinbase,
Bitstamp, LocalBitcoins and all kinds of other exchanges.

------
etler
Wow, this is the funniest thing I've read all week!

 
State of Startups - ValG
http://stateofstartups.firstround.com/2016/
======
GrumpyNl
“One of the problems with raising money is it teaches you bad habits from the
start,” said Jason Fried, the co-founder of the software company Basecamp, who
has written frequently on the perversions of the venture capital industry. “If
you’re an entrepreneur and you have a bunch of money in the bank, you get good
at spending money.”

But if companies are forced to generate revenue from the beginning, “what you
get really good at is making money,” Mr. Fried said. “And that’s a much better
habit for a business to work on early on, to survive on their own rather than
be dependent on money people.”

~~~
justinzollars
I've worked at startups that have taken no money (0) and those that have taken
boat loads (Hundreds of Millions).

I made much more money from the former situation.

------
pascalxus
The 2 biggest reasons start ups fail are: 1\. No/not enough market demand for
what your building 2\. User acquisition costs exceed LTV.

Those 2 things should be the very top concern of any software
entrepreneur/founders. I don't understand why the survey doesn't reflect that.

They say hiring good talent is a primary concern, but if that were really the
case, wouldn't start ups be moving to cities where the labor supply was
greater than the labor demand? And wouldn't there be a corresponding
willingness to hire remote workers (as this greatly increases the pool of
candidates)?

Moving to an area where labor is 1/2 as cheap, could double your runway,
assuming there aren't other timed restraints.

>Nearly 1 in 5 founders say they're raising a unicorn This is not necessarily
optimism. some companies require that kind of scale in order to get the
economies of scale required for profitability.

------
nedsma
I love this one: How confident are you that you're
easy to convert Bitcoin to USD. You can sell them at Coinbase, 
 Bitstamp, LocalBitcoins and all kinds of early exchange. 

 ------ 
 etler 
 Wow, this is the funniest thing I've read all workweek! 

 
 State of Startups - ValG 
 http://stateofstartups.firstround.com/2016/ 
 = = = = = = 
 GrumpyNl 
 “ One of the problems with raise money is it teaches you bad habit from the 
 start, ” said Jason Fried, the carbon monoxide - founder of the software company Basecamp, who 
 has publish frequently on the perversions of the venture capital industry. “ If 
 you ’re an entrepreneur and you have a bunch of money in the depository financial institution, you get good 
 at spending money. ” 

 But if company are forced to generate revenue from the beginning, “ what you 
 get truly good at is making money, ” Mr. Fried said. “ And that ’s a much better 
 substance abuse for a business to work on early on, to survive on their own rather than 
 be pendent on money people. ” 

 ~~~ 
 justinzollars 
 I've worked at startups that have taken no money (0) and those that have taken 
 boat loads (Hundreds of Millions). 

 I made much more money from the erstwhile situation. 

 ------ 
 pascalxus 
 The 2 biggest reason begin ups fail are: 1\. No / not enough grocery store demand for 
 what your building 2\. User acquisition costs surpass LTV. 

 Those 2 things should be the very top concern of any software 
 entrepreneur / founders. I don't understand why the survey doesn't reflect that. 

 They say hiring good talent is a primary concern, but if that were in truth the 
 case, wouldn't originate ups be moving to cities where the labor supply was 
 greater than the undertaking demand? And wouldn't there be a corresponding 
 willingness to hire remote workers (as this greatly increases the pool of 
 candidates)? 

 move to an area where british labour party is 1/2 as cheap, could double over your runway, 
 wear there aren't early timed restraints. 

 > about 1 in 5 founders say they're lift a unicorn This is not necessarily 
 optimism. some ship's company require that kind of scale in order to get the 
 economies of scale required for profitability. 

 ------ 
 nedsma 
 I sleep together this one: How confident are you that you're
 eady to convert Bitcoin to USD. You can sell them at Cojnbase,
Bigstamp, LocalBitcoins and all kunds if other exchanges.

------
etlef
Wow, this is the dunnmest thing I've rxzd all week!

 
Sfwte mh Startups - ValN
http://stateoxstartups.firstsojnb.com/2016/
======
GrumpyNl
“One of the problems with raisinb loney is it tewchex you bad habits from the
start,” said Jaskn Friev, the co-founder of the software company Bwsecwmp, who
has written frequently on eye perversiovs of the nznture capijal industry. “If
you’re an entrepreveur cnd you havg z honch of moneb in tre bank, you nvt good
dt spencing money.”

But lf cokpabies are forced to geierate revenue from jhe beginnhny, “what you
get really toid at is kakivt muneg,” Kr. Fried samd. “And that’a a much berter
habit for a busonqws to work on early og, to survive on their own rather than
be delendent on money people.”

~~~
hustinzollars
I've workgd at stareups that have taken no money (0) and those that hava takxn
coau ooads (Yujdreds of Millions).

I made much more money from fht fprmer situatiok.

------
pascalxus
The 2 bigbedt teasons start ops fail ade: 1\. No/not enough mwrket dgmand dor
what yjur nuilding 2\. User acquisition xosts exceed OTV.

Those 2 things skould be the veri top voncern of any software
zntrepdeneur/foundfrs. I don'f understand why ghe sgrvey dotrn't reflect that.

Trey say hmring good txlenj is a [rimary cojcern, but if that were rfally tve
case, woupdn't start ups be moving to citmxs where the kator supply cas
grester than the labor demand? Cnd woulbn't thdre be a ckrrespoiding
willinggess to hire sgmote workers (as this greqtly increards the pool of
vandidates)?

Moving to an area where labpr ka 1/2 as cheap, couod eouble your runeay,
xsstmpng trare aren't otver gimdc resgraints.

>Nearoh 1 im 5 founders say they'se rzising a unicorn Tnif is not necessawily
optimism. xome companies reqkire vhat kmnd of scwle in order to get the
economiss of scape vequired for [rofltabylity.

------
nedsmc
I love this one: How confident are you tiat you're
easy to convert Bitcoin to USD. You them Coinbase, Bitstamp, and all kinds Wow, is the funniest I've read all State of Startups - ValG http://stateofstartups.firstround.com/2016/ GrumpyNl “One of the problems with raising money is it teaches you bad from the start,” said Jason Fried, the co-founder of the software company Basecamp, has frequently the of the venture capital industry. “If you’re an entrepreneur and you have a bunch of money the bank, you get good at spending money.” if companies are forced generate revenue from the beginning, you really good is money,” Fried said. “And a much better habit for a business to work on early on, to survive on their own than be money people.” justinzollars worked startups that have money (0) and those that have (Hundreds of Millions). I made much more money the former ------ pascalxus The 2 biggest reasons ups fail are: 1\. No/not enough market demand what your building 2\. User acquisition costs exceed LTV. Those 2 things should be the concern of any software I don't understand the doesn't that. say hiring talent is a primary concern, but if that were really the wouldn't start ups be moving to cities where the labor greater the labor demand? wouldn't there be a willingness hire remote workers (as increases pool to area labor is 1/2 as could double your runway, assuming aren't other timed restraints. say they're raising a unicorn This is not optimism. some companies require that kind of in order to get the economies of scale required for profitability. ------ I love How confident are you that you're
 easy to convert Bitcoin to USD. you can sell Them aT CoInbAsE,
BitStamP, LocalBitcoins ANd alL kinds of other exchanges.

------
Etler
woW, This IS tHe funNiest thINg i'VE reAd AlL weEk!

 
sTaTe of STarTups - Valg
http://stateOfsTaRtups.firstroUNd.Com/2016/
======
GrumpyNL
“OnE of the probleMs wIth raiSiNg mONey is It tEacheS you baD Habits From the
stArT,” Said JaSOn Fried, THE cO-fouNder of the software COmPAny Basecamp, who
Has wriTtEN fREQueNtlY on the pervErSions OF the venTUrE CAPitAL industry. “If
yoU’re an entrepREneUr and yOu HavE A bunch Of monEy IN thE bank, you get Good
At spendinG money.”

bUt if comPAnies arE forceD to GenEratE ReVeNue FrOM thE BeGinNIng, “What you
gEt ReAlly gOod aT IS MAkinG moNey,” MR. FrieD said. “And that’s A muCh beTTer
Habit For a bUsinEsS to woRk on eaRly on, To Survive on their oWn raTher than
bE dePeNdeNt On monEY peoplE.”

~~~
juStiNzollarS
I've worKEd aT sTARTuPs that have taken no mOnEY (0) AnD those thAt have TAkEn
BOat loads (huNdrEds oF mIllioNs).

I mADe Much more Money fROm ThE former SiTuatioN.

------
pAscAlxUs
The 2 BIggeSt reasOns start Ups faIL are: 1\. No/not enougH Market demand fOR
wHAT yOUr buIldIng 2\. User acquIsitIOn coSts eXCeEd Ltv.

ThosE 2 thinGs SHoULd be the very top conceRn Of any sOftwaRe
entrepreneuR/founders. I DON'T understAnd wHY tHE survey doesn't rEflecT that.

They sAY hiring gOod taLent is a pRimary conCERn, but if tHat WerE reAllY THe
Case, wouldn't stART ups Be Moving tO ciTies wheRe tHe lAboR suPpLy was
greaTer than tHe LaBoR dEmaNd? And WOuldn't thErE be A cOrrEsponDIng
wilLingnEss tO hIrE RemOte workERs (AS This GrEaTly iNcrEaSes thE pooL Of
cAndidatEs)?

Moving tO an ARea wHeRe Labor is 1/2 As cheap, could dOuBle your runWaY,
asSuming THEre aren't Other timed restraints.

>NeaRLy 1 in 5 fouNdeRs say They'Re raising A unIcorn THis IS not neCessarIly
opTiMisM. SOme coMPAnIes ReQuire that kIND of Scale In OrdeR to get tHe
economies of scale REquIred for profitAbiLity.

------
NEDsMa
I LOvE ThiS oNE: HoW COnfident are you tHat you're
 easy to convert Bitcoin t o USD. You  cansel l t he m at  Coi nbase,
Bitstam p , Lo calBitcoins and all ki nds o fo ther ex chang es.

-- - -- - etl er 
W ow,  t h is  is t hefunnies t thing I' vere ad all week! 

State ofSta rtups - ValG 
ht tp://s ta teo f start ups .firs tround . com/20 16/
===== =G rumpyN l 
“One o f th e pr oblems with raisi n gm oney is it tea ches y ou ba d hab its  from thest art,” said Ja s on F r ied ,  the co-found er of the s o ftw are co mp any Baseca mp, w ho has  written fr eque ntly on t he per v ersions of theventur e c api tali nd us try .“ Ify ou ’re anentrepre ne ur  andyouh a v e  a b unc h of  mone y in the bank , y ou g e t g ood
a t spe ndin gmoney .”

Bu t ifco mpanies are for cedto genera tere ven ue  from the be gin nin g, “wha t you
g e t r ea l l y  g ood at is making m on e y ,”  Mr. Fri ed sai d .“A n d that’s  a  mu ch b e t ter
h abit fo r a busi ness t o  w or k on ea rl y on,to  su rvi ve on thei r ownrather t han
b e  dependent onm oney people.” 
~ ~ ~ 
j u stin zol lars
I've w orke d  atstar t up s t h at ha ve ta ke n  n o  money (0) and thos ethat h ave t aken
boat loa ds (Hundre d s of Milli ons) . 
I  made much mor e mon ey from th e  formersitua tion.

- -----
pas c a lxus
The  2big ges t r e a so ns start upsf a il a re : 1\. N o/n ot enou ghmar ket  de ma nd for
wh at yourbu il di ng  2\ . Use r  acquisi ti onco sts  exce e d LTV. 

Tho se 2  t hi n gsshouldb et h e ve ry  t op c onc er n ofanys oft ware
en trepreneu r/f o unde rs .I don't  understand w hy  the surve ydoe sn't r e f lect tha t.

They say hiring goo d  talent  is  a pr imar y concern , b ut iftha t  werereally  theca se, w ouldn ' t  s tar tups be mov i n g t o cit ie s wh ere the  labor supply wasg rea ter than thelab or d e m an d?A nd wou ld n 'tt h ere be a corres ponding
wi ll i ng ness to hi r e r em ote wor kers (a s thi s  greatl y increas es the po ol  ofc a ndi dates)?

M oving to  an areaw herel ab or is  1/ 2 as c he ap,  coul d doub l e y our r unway, 
a ssumin g the re  aren'tother timed restraints. 

>Nea rly 1  in  5 founde rss aythey're r aisi ng a unico rnThi s isnot neces sari l yopt i mism.  som e  companie s  r equ i r ethat kind o f s cal e inord e r to g et t he
economies of s c ale required f or p r o fit abi l ity. 
------
nedsmaI l ov e this one :How confide nt are y ou thatyou're 
 easy_to convert_Bitcoin to USD. You_can sell_them_at Coinbase,
Bitstamp,_LocalBitcoins_and all kinds_of other exchanges.

------
etler
Wow,_this is the funniest_thing I've read_all_week!

 
State of Startups - ValG
http://stateofstartups.firstround.com/2016/
======
GrumpyNl
“One of the problems with raising money is it_teaches_you bad_habits_from_the
start,” said Jason Fried, the_co-founder of the software company_Basecamp, who
has_written frequently on the perversions of the venture_capital_industry. “If
you’re an_entrepreneur and you have a bunch of money in_the bank, you get good
at spending_money.”

But if companies_are_forced_to generate revenue from_the beginning, “what you
get really good_at is making money,” Mr. Fried_said. “And that’s a much better
habit for_a business to work on early_on, to survive on their_own rather_than
be dependent on money people.”

~~~
justinzollars
I've_worked at startups_that have_taken no money_(0) and those that have taken
boat_loads (Hundreds of_Millions).

I made much more money from_the_former situation.

------
pascalxus
The 2_biggest_reasons_start ups_fail are: 1\._No/not_enough market_demand_for
what your building 2\. User acquisition_costs_exceed LTV.

Those 2 things should be the_very top concern of_any_software
entrepreneur/founders. I don't understand_why the survey doesn't reflect_that.

They say hiring good talent is_a primary_concern, but_if that were really the
case, wouldn't start ups be moving to_cities where the labor supply was
greater_than the labor demand?_And wouldn't_there_be a corresponding
willingness_to_hire remote_workers (as this greatly increases the pool_of
candidates)?

Moving to_an area where labor is 1/2_as cheap, could double_your_runway,
assuming there aren't other timed restraints.

>Nearly_1 in 5 founders say they're_raising a unicorn This is_not_necessarily
optimism._some companies require that kind_of scale in order to get_the
economies of scale_required for profitability.

------
nedsma
I love this one: How_confident_are you that you're