Hacker News Reader

"...if you have to raise thirty million to start your business, its probably not a good business (at least for me)."

I've lost count of the number of articles I've read saying "Startup XYZ Inc just raised $X million!" and a dearth of the "Startup ABC Inc made $X million profit on revenues of $Y million" kind.

It's refreshing to see an article on HN that points out the obvious: if you have such a good business, why doesn't it make any money?

View on HN

Articles do not get written unless the company pushes for it. They need the publicity when they raise the money, not when they are making money. Its quite simple, really.

Thats totally it. "raising money" is a marketing event for many companies. And then the list of investors put you on a status hierarchy so that you become first in line when Google goes shopping. Or so the CEOs think. I'm almost embarassed when any company I invest in announces their funding. Thats not the real world. The real world is buying something low and sell high. I learned this many times over, some times the hard way.

They don't have to report that sort of thing until they're public, correct? That might be part of it.

Reply on news.ycombinator.com