Going on a tangent:
Depending on your industry, taking a while to see any revenue is common. Eg look into biotech or the people trying to make atomic fusion a reality.
Debt is just as valid a way to finance your company as equity is. See https://en.wikipedia.org/wiki/Modigliani%E2%80%93Miller_theo... for the theory.
That is true. But Sircles, which appears to be just another social recommendation app, is not in one of those industries.
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Yes, Sircles is probably pretty dodgy.
Going on a tangent:
Depending on your industry, taking a while to see any revenue is common. Eg look into biotech or the people trying to make atomic fusion a reality.
Debt is just as valid a way to finance your company as equity is. See https://en.wikipedia.org/wiki/Modigliani%E2%80%93Miller_theo... for the theory.