“The Investor of today does not profit from yesterday’s growth.” – Warren Buffet
This pronouncement by the Oracle of Omaha hides a quite profound truth – essentially the investor can make money only if the startup turns yesterday’s promise into tomorrow’s cash. This should conclusively establish their emotional investment in the startup. read more
Ok – the Q is not really fair as most startup founders we meet do not get into the startup game to become millionaires. That is not to say they would turn down the chance of a high profile IPO or a lucrative exit but most founders are driven by passion and a burning desire to see their bright idea fructify. As is apparent – passion does not put food on the table though. read more
What is the essential goal of a start-up? In a nutshell it is to make money – to be profitable. In many crucial ways a strong Finance leader has an essential role to play in making that happen.