Image for post
Image for post
If investing in the business has the potential to yield exponential growth, why not burn it all?

Importance of early sustainability, unlimited runway and freedom to pivot

VCs love companies that burn cash in order to grow fast and bring more positive progress as cash gets converted into supposedly bigger assets.

Enis Hulli
Oct 11, 2017 · 4 min read

Entrepreneurship is a game of attrition

A pivot requires that the entrepreneur has one foot rooted whether it is product, market or business model, while making fundamental changes in order to seek greater returns. — Ilker Koksal, Botanalytics

Micro failures are prerequisite for the macro success

But most companies cannot sustain long enough

For an entrepreneur, what is more terrifying than having the wrong vision, is the thought that the vision might be deemed wrong without having been given a real chance to prove itself in the right market conditions.

Unlimited runway is our competitive advantage

Sinemia had numerous product, market and business model iterations, while operating OpEx break-even for almost a year, to find the perfect business case. We had the bandwidth to make many mistakes and fix them along the way — Rifat Oguz, Sinemia

Perseverance, sustainability and pivots are part of our investment thesis

Image for post
Image for post
Image for post
Image for post
Image for post
Image for post

Startup Grind

Stories, tips, and learnings from and for startups around…

Enis Hulli

Written by

Partner @500Startups Istanbul, enis@500.co, Glocal Podcast theglocal.co

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

Enis Hulli

Written by

Partner @500Startups Istanbul, enis@500.co, Glocal Podcast theglocal.co

Startup Grind

Stories, tips, and learnings from and for startups around the world. Welcoming submissions re: startup education, tech trends, product, design, hiring, growth, investing, and more. Interested in submitting? Visit our submission form here: https://airtable.com/shrShpeN89HrzCzOB

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store