RE: Tanking18 Jun 2025 22:45
WRT timelines, here's something from Ronjon in an interview:
Ronjon Nag: And this is what basically sorts the men from the boys. In entrepreneurs, often if you take enough time horizon, often there's these upturns and downturns. I'm always telling my entrepreneurs, "It's never as good as it looks. But it's never as bad as it looks either." But a lot of entrepreneurs, particularly in that dot com bust era, just gave up. And for a period of two years we had $5,000 in the bank, and we had $100,000 burn rate. But we had $100,000 revenue. We had like $95,000 of revenue every month. But our costs were $100,000, but we somehow made it through, and then to a final, very small round, just for a few hundred thousand dollars, which for us was luxury.