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January 23, 2012 04:15 am GMT
As much as we all strive to build sustainable and stand-alone companies, were living in a period of massive transformation and thus, consolidation and acquisition. As a result, many entrepreneurs build their businesses with potential acquirers in mind, choosing to grow at any cost instead of actually building a sustainable business that is solvent and profitable.GRP VC Mark Suster (and occasional Techcrunch contributor) published an article on this themerecently. The very short version of the post is: Most companies (98+%) in the world (even tech startups) should be very profit focused. Being profitable allows you degrees of freedom you dont have when you rely upon other peoples money.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/htV3-YDjkKs/
Six Lessons in Entrepreneurship
As much as we all strive to build sustainable and stand-alone companies, were living in a period of massive transformation and thus, consolidation and acquisition. As a result, many entrepreneurs build their businesses with potential acquirers in mind, choosing to grow at any cost instead of actually building a sustainable business that is solvent and profitable.GRP VC Mark Suster (and occasional Techcrunch contributor) published an article on this themerecently. The very short version of the post is: Most companies (98+%) in the world (even tech startups) should be very profit focused. Being profitable allows you degrees of freedom you dont have when you rely upon other peoples money.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/htV3-YDjkKs/
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