A note from Sary

Sufficiency is the point where a business is bringing in enough Profit that the people who are running the business find it worthwhile to keep going for the foreseeable future. Paul Graham, venture capitalist and cofounder of Y Combinator (an early-stage venture capital firm), calls the point of Sufficiency "ramen profitable"-being profitable enough to pay your rent, keep the utilities running, and buy inexpensive food like ramen noodles. You may not be raking in millions of dollars, but you have enough revenue to keep building your venture without going under.

Sary The Personal MBA, page 174 · October 29, 2023 Save to shelf
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