"Ramen profitable" means a startup makes just enough to pay the founders' living expenses. It's not rapid prototyping for business models (though it can be), but more a way of hacking the investment process. Once you cross over into ramen profitable, it completely changes your relationship with investors. It's also great for morale.(via lonegunman)
Tuesday, March 17, 2009
13 Sentences for Startups
Paul Graham started with advice from Paul Buchheit: "it's better to make a few people really happy than a lot of people semi-happy," and ended with "understand your users," as the most important advice. In between, he developed a set of 11 other things that are crucial for running a startup. My favorite is "get ramen profitable".