Business

[Video] Balancing a Cool Idea with Profitability

During the dot-com boom in 90s, it looked like everyone was jumping towards on the internet. Everyday new ventures were being funded and formed with a promise of future revenues. There were thousands of new startups/companies introduced everyday into the market. “The eventual dot-com collapse validated the benefits of operating disciplines and financial controls on the production of genuine profits.”

Without capital, a company cannot stand to compete or function and capital can only be generated by acquiring customers. Nowadays investors are more cautious and selective about the product, team and the growth of the product.

In the race for acquiring customers and generating profit, here are a few tips by Ed “Skip” McLaughlin, Harry Edelson, Thatcher Bell, Patrick Freuler and Bruce Bachenheimer.

The video was shared by Disruptive Technologists on its Youtube Channel.

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