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The Water Cooler
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Tech Layoffs Coming Tidal Wave - The Tracker
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<blockquote data-quote="xtremerange" data-source="post: 3943756" data-attributes="member: 42961"><p>For 25+ years a tech startup is a scam until it isn't.</p><p></p><p>Take in money from deep-pocketed people based on connections and salesmanship of the idea.</p><p></p><p>You can make up numbers for addressable market and any other metric the investors want to see. After all, this is totally new stuff with no precedence or historical financial model.</p><p></p><p>Try to make the idea work. It may work, or it may not. The idea can be crazy as long as you sell it well.</p><p></p><p>If it works, you are golden.</p><p>If it kinda, sorta works, you may be able to sell out to an established company that will try to build on your work.</p><p>If it doesn't work, you try again with someone else's money.</p></blockquote><p></p>
[QUOTE="xtremerange, post: 3943756, member: 42961"] For 25+ years a tech startup is a scam until it isn't. Take in money from deep-pocketed people based on connections and salesmanship of the idea. You can make up numbers for addressable market and any other metric the investors want to see. After all, this is totally new stuff with no precedence or historical financial model. Try to make the idea work. It may work, or it may not. The idea can be crazy as long as you sell it well. If it works, you are golden. If it kinda, sorta works, you may be able to sell out to an established company that will try to build on your work. If it doesn't work, you try again with someone else's money. [/QUOTE]
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