Unless your business earns revenue while you are sleeping, it won’t scale.
I find this statement oversimplified. I works for some models like basecamp, but some social services's business model can be simplified to "register for free and WE will pay you $100(ok, maybe not in cash but in value that they spend on average user/ or value that user gets of using them)". However as we can see some of these services growing really fast and probably can be huge success in future, just by monetizing their huge audience.
So i guess initial statement is mostly address bootstrapped startups, not taking VC/angel into consideration. I'd modify it to smthg like:
Unless your business earns revenue or traction while you are sleeping, it won’t scale.
Presumably, when they attach the monetizers to their huge audience and begin extracting money from them, it will happen even when they sleep, so the statement still stands.
I find this statement oversimplified. I works for some models like basecamp, but some social services's business model can be simplified to "register for free and WE will pay you $100(ok, maybe not in cash but in value that they spend on average user/ or value that user gets of using them)". However as we can see some of these services growing really fast and probably can be huge success in future, just by monetizing their huge audience.
So i guess initial statement is mostly address bootstrapped startups, not taking VC/angel into consideration. I'd modify it to smthg like:
Unless your business earns revenue or traction while you are sleeping, it won’t scale.