Apparently, some people do. But it's more of a symbol for frivolous expenses than anything else.
This thought was meant for the "we just raised money" phase of a startup. It's certainly very applicable to the money you just raised, since by definition it was a trade of equity-for-money.
It's not just about being able to "afford it" (which is obviously better than not being able to afford it). Even if you are generating a ton of revenue, blowing it all in non-helpful ways is still not justified.
We've built a company that generates very significant revenue, and it remains even more important to have anchors to keep the value of money in perspective.
Apparently, some people do. But it's more of a symbol for frivolous expenses than anything else.
This thought was meant for the "we just raised money" phase of a startup. It's certainly very applicable to the money you just raised, since by definition it was a trade of equity-for-money.
It's not just about being able to "afford it" (which is obviously better than not being able to afford it). Even if you are generating a ton of revenue, blowing it all in non-helpful ways is still not justified.
We've built a company that generates very significant revenue, and it remains even more important to have anchors to keep the value of money in perspective.