Actually that’s a quite typical time for tech start-up to break even. The whole time they’re funded by business angels.
But for some cases, the loss can be considerable, and still the “start-up” keeps finding investors. Ex: Uber, lost 30 G$ on over 14years before turning around. Or just look at all the AI pure-players companies right now.
Yes, that’s quite typical, if you manage to find a rich investor. But that only happens if you have a way to eventually make a profit. If you say from the start you’re never going to have ads or subscriptions so you’re never going to make money with this, you’re not going to find an investor.
Over a decade of running at a loss. That is only possible for companies, like Google, that are already very rich.
Actually that’s a quite typical time for tech start-up to break even. The whole time they’re funded by business angels.
But for some cases, the loss can be considerable, and still the “start-up” keeps finding investors. Ex: Uber, lost 30 G$ on over 14years before turning around. Or just look at all the AI pure-players companies right now.
Yes, that’s quite typical, if you manage to find a rich investor. But that only happens if you have a way to eventually make a profit. If you say from the start you’re never going to have ads or subscriptions so you’re never going to make money with this, you’re not going to find an investor.