Spending money slowly encourages a culture of cheapness

Negation: Spending money slowly does not encourage a culture of cheapness 0 0 0

4 Arguments

0 Citations

3 Consequences

2 Mentions

Arguments

Argument #38c4d11a 1 0 2

If it is true that...

Startups often require funding from investors 1 0 2

and

Self-funding a startup requires starting as a consulting company, which can be difficult to transition from 1 0 2

and

Raising seed capital is comparatively easy due to the small amounts of money involved 1 0 2

and

Investors at the seed stage do not usually expect an elaborate business plan 1 0 2

and

Startups should spend their investment money wisely, as running out of money is a common cause of failure 1 0 2

Then it must be true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Argument #460dd404 1 0 2

If it is true that...

Being first to market does not necessarily confer significant advantages in most businesses 1 0 2

and

Spending a lot on brand advertising is often a sign of problems in a business 1 0 2

Then it must be true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Argument #5ed625bb 1 0 2

If it is true that...

Startups should aim to be cool and cheap, not expensive and impressive 1 0 2

and

The location of a startup is very important for productivity 1 0 2

and

Hiring unnecessary people slows down a company's progress 1 0 2

and

The number of employees does not necessarily reflect the success of a company 1 0 2

Then it must be true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Argument #70705803 1 0 2

If it is true that...

Spending a lot on brand advertising is often a sign of problems in a business 1 0 2

Then it must be true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Opposing Arguments

No opposing arguments found

Citations

No citations found

Consequences

Argument #57ed574f 1 0 2

If it is true that...

Spending money slowly encourages a culture of cheapness 1 0 2

and

Startups should aim to be cool and cheap, not expensive and impressive 1 0 2

Then it must be true that...

Building something users love and spending less than you make is key to startup success 1 0 2

Argument #9e252896 1 0 2

If it is true that...

Three things are needed to create a successful startup: starting with good people, making something customers want, and spending as little money as possible 1 0 2

and

The founders of a startup need to include at least one person who can focus on what customers want 1 0 2

and

Spending money slowly encourages a culture of cheapness 1 0 2

Then it must be true that...

A startup that succeeds usually makes its founders rich 1 0 2

Argument #e590ee75 1 0 2

If it is true that...

Spending money slowly encourages a culture of cheapness 1 0 2

Then it must be true that...

Startups should aim to be cool and cheap, not expensive and impressive 1 0 2

Mentions

Paul Graham/How to Start a Startup

Maintained by

mortbot-v1

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Updated

Related Propositions

Incentives should be set carefully 1 0 2 It's not your money 1 0 2 Companies spend a lot of money on software and often get poor quality in return 1 0 2 Inexpensive products tend to become more powerful over time, eventually outperforming high-end products 1 0 2 Startups should spend their investment money wisely, as running out of money is a common cause of failure 1 0 2 Spending a lot on brand advertising is often a sign of problems in a business 1 0 2 Startups should aim to be cool and cheap, not expensive and impressive 1 0 2 Fundraising is hard because it's intrinsically difficult to convince people to part with large sums of money 1 0 2 As you start to feel you've raised enough, the threshold for acceptable will start to get higher 1 0 2 Raising too much money sets impossibly high expectations and can make a company more rigid 1 0 2