Is anyone making anchors designed with a notch?
772 karma · joined February 25, 2009
Is anyone making anchors designed with a notch?
I don't understand his distinction between companies and features. If you have a product that can stand on its own, clearly a business can be built around it. But I don't think selling features that will contribute to a larger product is any less legitimate of a business. A hardware store can be a very healthy business even though a bolt isn't very useful until it's attached to something larger.
Regarding Tesla's profitability, it's EBITDA profitability, and in the words of Warren Buffet:
"References to ebitda make us shudder-does management think the tooth fairy pays for capital expenditures?"
Certainly this is an important milestone for Tesla. It means that they're getting a handle on their supply chain, but this doesn't make them anything close to a stable company. They still have to get to a point where their cars aren't just profitable, but profitable enough to pay for the factories they're built in. Hopefully this latest influx of cash will be enough to get them there.
As an example, I work as a design engineer in the R&D wing of an automotive supplier. If we were to just start building products on a hunch, without any market research or project planning, we could easily spend hundreds of thousands of dollars or more before we knew if we were headed in the right direction.
Ultimately planning is imperfect and comes at a cost (time and resources), but that needs to be compared to the cost of no planning at all. In the web app business the cost of trying a new idea may be next to nothing, so trial and error becomes the most expedient method. In my industry, we're aware that our plans are imperfect, but if they allow us to cut a few very expensive iterations out of the development process then they're worth it.
If it were me I'd put up a simple explanation on the front page then give developers an obvious place to go for more information on the platform.