> [...] go look at the Sacramento startup Sircles. 7+ year old "startup" that has sub $100k revenue after several years but 9 million in debt.
Going on a tangent:
Depending on your industry, taking a while to see any revenue is common. Eg look into biotech or the people trying to make atomic fusion a reality.
Debt is just as valid a way to finance your company as equity is. See https://en.wikipedia.org/wiki/Modigliani%E2%80%93Miller_theo... for the theory.
> Depending on your industry, taking a while to see any revenue is common.
That is true. But Sircles, which appears to be just another social recommendation app, is not in one of those industries.
Oh, even without looking into it, I would assume that Sircles is probably pretty dodgy. I just meant that SacToHacker's original points against it aren't necessarily bad. But can be damning in the context of their industry, yes!
True. and a screwdriver is as just a valid tool as a hammer. Though their use isn’t always interchangeable .
This is cool. Love little tangential info bombs like this. Thanks.
Cool but Sircles isn't a biotech company. It's a social network. They arn't "trying to make atomic fusion a reality" either.
Oh, definitely. I was just nerding out about finance.
Yes, Sircles is probably pretty dodgy.
That is cool! Sorry for nerding out just then.