The author frequently receives offers to join startups as a co-founder. He recently considered an offer from a founder who raised over $500k but is losing $40k monthly. This founder focuses on fundraising and future investment rounds. The author contrasts this with successful IT entrepreneur friends. One pair created a Telegram bot generating images, generating $500k MRR with minimal expenses. Another group focuses on profitable, cash-flow positive products with low acquisition costs. The author observes the first founder spends his time chasing investors, while the latter focuses on product improvement. The author concludes that the major startup's goal is to sell, otherwise cost calculations will mean their demise. He favors creating profitable products over seeking external investment. The author believes investors are needed for products struggling with marketing, monetization, or user onboarding. Ultimately, he suggests choosing between being a startup CEO or building a product that generates immediate revenue.
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