The SEC, of course, being the federal agency that regulates all attempts to take investment.
So I think the acronym's use here is important, because it signals that there is a precise legal definition of the term revenue, and that startup founders, so used to hustling and half-assing things, should not fuck around when using that word.
Sure, I really agree with you. My beef was not their use of term but the fact they didnt go on to define it in what is a let's define the things article. I suppose if they'd just unpacked the acronymn with a brief definition would have made this article more approachable in my opinion.
Comments
Correct me if I'm wrong here, but my understanding is that GAAP is not just stuff people generally agree on, but a highly technical set of rules:
https://en.wikipedia.org/wiki/Generally_Accepted_Accounting_...
And that they are determined in the US by the FASB, which is part of the SEC:
https://en.wikipedia.org/wiki/Financial_Accounting_Standards...
The SEC, of course, being the federal agency that regulates all attempts to take investment.
So I think the acronym's use here is important, because it signals that there is a precise legal definition of the term revenue, and that startup founders, so used to hustling and half-assing things, should not fuck around when using that word.
Sure, I really agree with you. My beef was not their use of term but the fact they didnt go on to define it in what is a let's define the things article. I suppose if they'd just unpacked the acronymn with a brief definition would have made this article more approachable in my opinion.