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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