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46 propositions
49 inferences
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Claim
Spending money slowly encourages a culture of cheapness
Arguments
If it is true that...
Startups often require funding from investors
and
Self-funding a startup requires starting as a consulting company, which can be difficult to transition from
and
Raising seed capital is comparatively easy due to the small amounts of money involved
and
Investors at the seed stage do not usually expect an elaborate business plan
and
Startups should spend their investment money wisely, as running out of money is a common cause of failure
Then it must be true that...
Spending money slowly encourages a culture of cheapness
If it is true that...
Being first to market does not necessarily confer significant advantages in most businesses
and
Spending a lot on brand advertising is often a sign of problems in a business
Then it must be true that...
Spending money slowly encourages a culture of cheapness
If it is true that...
Startups should aim to be cool and cheap, not expensive and impressive
and
The location of a startup is very important for productivity
and
Hiring unnecessary people slows down a company's progress
and
The number of employees does not necessarily reflect the success of a company
Then it must be true that...
Spending money slowly encourages a culture of cheapness
If it is true that...
Spending a lot on brand advertising is often a sign of problems in a business
Then it must be true that...
Spending money slowly encourages a culture of cheapness
Consequences
If it is true that...
Spending money slowly encourages a culture of cheapness
and
Startups should aim to be cool and cheap, not expensive and impressive
Then it must be true that...
Building something users love and spending less than you make is key to startup success
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
and
The founders of a startup need to include at least one person who can focus on what customers want
and
Spending money slowly encourages a culture of cheapness
Then it must be true that...
A startup that succeeds usually makes its founders rich
If it is true that...
Spending money slowly encourages a culture of cheapness
Then it must be true that...
Startups should aim to be cool and cheap, not expensive and impressive