How to Decrease the Odds That Your Startup Fails
Both Sides of the Table
MARCH 25, 2016
It says that selling an airplane ticket for $500 and getting paid a $5 fees by the airlines (1% gross margin) is not the same thing as selling $500 of software that you built (>90% gross margin). I like to use the example of a company I backed called MakeSpace because it’s such an easy an obvious market to understand.
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