Word: ramen
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Graham is a partner in Y Combinator, a Mountain View, Calif., company that invests small sums of money in LILO-style start-ups and advises them during their ramen days. The difference between a start-up and a small business, by the way, is that a "start-up is designed to grow - it's scalable," said Graham. Compare a hair salon with Facebook. "Hair salons scale linearly," he explained. "You have to do twice as much work to get twice as much revenue." But once Facebook was built? It grew exponentially...
...cost to Tayman? "Almost $9,800, all in," he said. As for revenue, he just sold his first display ad, for, well, the low three figures. But it's a start: "We've already reached ramen profitability." His math: he spends about $75 a month on server fees and other expenses...
Noodleconomics The term ramen profitable was coined by Paul Graham, a Silicon Valley start-up investor, essayist and muse to LILO entrepreneurs. It means that your start-up is self-sustaining and can eke out enough profit to keep you alive on instant noodles while your business gains traction...
...grocer sells a variety of authentic Japanese food items, cookware, and magazines in the Porter Square Exchange Mall, part of Lesley University. The space is shared by a variety of small Asian eateries, such as Cafe Mami, Sapporo Ramen, and Tampopo...
...take a long walk from the Ile de la Cité along the banks of the Seine all the way to the Musée d'Orsay, one of our most beautiful museums. At midday, try the authentic Japanese restaurants on Rue Sainte-Anne, where you can get excellent ramen. Later, for dinner, I'd go to Le Petit Bofinger, tel: (33-1) 4272 0523, at Bastille, just across the way from the famous belle époque Brasserie Bofinger. It's roomy, but not too expensive, with a great wine cellar and good traditional fare. I'd have their foie...