There are certain topics that even some of the most intelligent people I speak to, who are not focused on start-ups, cannot fully comprehend. All of them are important in terms of profitability. It usually takes place during the fiestas with a gentle affirmation and security that the startup conocida est\u00e1 destinada al fracaso.<\/p>\n
O ya sabes, el otro, en que Snapchat perdi\u00f3 2000 millones de d\u00f3lares en solo un trimestre. Two billion, wow! What a disaster! Except that they didn’t actually lose $2 billion in cash. It was an “expense” related to a stock option incentive, but I bet you didn’t know that because, in an age where we only read the headlines, they must be a disaster for losing billions of dollars. (They actually lost about $175 million in cash that quarter, if that’s any consolation. See the appendix if you want to know more about it.)<\/p>\n
“How could they possibly succeed if they’re not even profitable!”<\/p><\/blockquote>\n
If you hire six senior sales representatives in January at a salary of $120,000 a year, you’ve incurred an additional cost of $60,000 per month, but these salespeople might not close any new deals for six months. Your profitability will decrease for two quarters, while your growth may increase dramatically in quarters 3-12.
\nI know this seems obvious, but I assure you that even intelligent people forget this when talking about profitability. Between 70% and 80% of the costs for most startups are personnel costs, so when a company is not profitable, what is really happening is that it is increasing its workforce ahead of its revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"There are certain topics that even some of the most intelligent people I speak to, who are not focused on start-ups, cannot fully comprehend. All of them are important in terms of profitability. It usually takes place during the fiestas with a gentle affirmation and security that the startup conocida est\u00e1 destinada al fracaso. O […]<\/p>\n","protected":false},"author":2,"featured_media":925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[718],"tags":[434,435,436],"class_list":["post-926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-events-in-the-wine-sector","tag-directory","tag-listing","tag-theme"],"_links":{"self":[{"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/posts\/926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/comments?post=926"}],"version-history":[{"count":1,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/posts\/926\/revisions"}],"predecessor-version":[{"id":1059,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/posts\/926\/revisions\/1059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/media\/925"}],"wp:attachment":[{"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/media?parent=926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/categories?post=926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wineconnect.entorno-desarrollo.es\/en\/wp-json\/wp\/v2\/tags?post=926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}