A Profitable Auto Dot Com
from the well,-look-at-that dept
While all the other auto dot coms are going out of business, one of them has been profitable since June. The main reason? They couldn’t get any venture capital. I’ve actually heard this in a few other cases as well. Without being able to get venture capital, a number of startups (the ones who really believed in their businesses as opposed to just wanting to get rich quick) redid their business plan to figure out a way to make money without having to rely on any venture capital investments. In other words they learned how to build real businesses that involved taking in real revenue. Too many companies that took venture capital forgot to bother with that aspect of building a business. To them, their “revenue” was the capital investments they brought in.