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GAAP accounting is for stable cash flows in well understood businesses.

Bootstrapping (funding growth with revenue) isn't the silicon valley way; the silicon valley method is as follows: 1. get funding

2. grow team/build product

3. raise more funding and find product market fit

4. seize control of market / make large top line moneys

5. repeat 3/4 a as necessary.

6. acquisition/IPO, shareholders payout.



As soon as a company IPOs, or uses a SPAC, it is either GAAP or IRSF accounting. And it doesn't matter what the comoany might think about that.


No, they'll run GAAP statements but everything they report in their earnings calls will be non-GAAP.




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