The article discusses the importance of staying true to a startup's mission while navigating the need for financial sustainability. The author shares personal advice given to their daughter about work experience, emphasizing that unless a job aligns with long-term career goals, it may not be worth pursuing. The narrative highlights that while generating revenue is crucial, straying too far from the mission can jeopardize a startup’s identity. The author illustrates success with nonprofits, suggesting that it’s possible to honor a mission and achieve financial success simultaneously for startups.
...if it won't help the career you've chosen, don't bother. Staying on mission can be difficult when you spot opportunities to make revenue by pursuing different paths.
...most startups are mission-based: people find companies because there's something they want to make better for everyone. They want to solve a common problem or improve a common process.
...every day that passes without becoming profitable or attracting investors is a day you incur debt. They call this the runway: at a certain point, you're either flying, or you've crashed and burned.
...nonprofits can almost always honor their mission while succeeding at their financial goals. It's the same for your startup.
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