Always Quote by Colin Angle
“Starting out, iRobot was not an economic rocket ship. It took six and a half years before we had enough money in the bank at the beginning of each month to make payroll. We always made it - we paid salaries at the end of the month, and I always had four weeks to figure things out.”
About This Quote
Source Interview: Talk at TechCrunch Disrupt, 2015
The early days of iRobot involved slow cash flow, requiring careful budgeting and delayed payroll, yet the company persisted and eventually stabilized.
In simple terms: Early iRobot struggled financially but survived.
Key Takeaway
Maintain perseverance through cash constraints.
Themes
entrepreneurship
finance
startup
Mood
determined
realistic
Type
motivational
practical
When to use this quote
- tech startups
- small business
- financial planning
Key Concepts
cash flow management
bootstrapping
Questions to Reflect On
- How did delayed payments affect staff?
- What strategies can improve early cash flow?
A Different Perspective
Reliance on delayed payroll can harm employee morale.
