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Startup Funding Espresso – Growth Startups Are Not Profitable in Year One
Growth Startups Are Not Profitable in Year One Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Startups require up-front costs to set up and build the company. Any financial projection that shows profitability in the first year is suspect. Upfront costs include building the website, filing the company legal entity documents, patent filings, and more. Hiring the team takes time and takes time away from building the product or closing the sale. Initial funding takes time as well. Core business processes need to be put into…
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