I use some different terms (as a business coach, with my team's frameworks etc) but the point is valid.
Getting "ramen profitable" helps give a business owner confidence, which we call "the first brick wall of business". The only way out of this in a positive, growth direction is to invest in the right things and get profitable - and that means genuinely profitable, not just paying yourself $12K/yr and ignoring the opportunity income.
Failure to do so will eventually mean you run out of energy, even if you don't run out of money. Tipjoy, alas, seems to have done the latter before the former.
Getting "ramen profitable" helps give a business owner confidence, which we call "the first brick wall of business". The only way out of this in a positive, growth direction is to invest in the right things and get profitable - and that means genuinely profitable, not just paying yourself $12K/yr and ignoring the opportunity income.
Failure to do so will eventually mean you run out of energy, even if you don't run out of money. Tipjoy, alas, seems to have done the latter before the former.