Comment by noobermin
1 year ago
> This decline will continue until cool, innovative companies no longer see any reason to apply.
I am the furthest thing from a business man / start-up news addict, but even I know that the point of starting a company is to make money (perhaps fulfilling a need or niche, sure) and "being cool" should have nothing to do with it. Hell, "cool" often doesn't really square with being "innovative" anyway.
Startups determine their ability to execute, and thus generate revenue (or promises of same) from appearing “cool” to prospective talent and future investors. Without it, they wither and die.
Eh yes, but half a million in income sure helps you avoid death too, and most of them are moments from death when they apply.
Please don't refer to an investment as "income". It hurts the ears of those of us who know a little accounting.
I have no objection to, "half a million in cash sure helps you . . "
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