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I'm surprised by how many of them blame their inability to scale on a lack of money. In some cases access to capital is the root problem, but in a lot of cases
by ksdale 11y ago
I'm surprised by how many of them blame their inability to scale on a lack of money. In some cases access to capital is the root problem, but in a lot of cases it's just evidence that your business won't work. Most of them sound like they are positive they could have succeeded with another round of funding, which I suppose is to be expected from CEOs but doesn't seem like it could possibly be accurate in all these cases.
- floppydisk 11y agoSpeaking from personal experience, I think a lot of them end up in the boat of having just enough paying customers that the idea looks viable but not getting enough long term traction to go from niche product surviving on raised capital to self-sustaining. Riding the initial public interest wave a bunch of people signup and the revenue projections look really good which lets the company go raise more capital to keep going, but over time, the company taps out their customer base and their revenue growth flatlines and ultimately they can't jump from niche product running on capital to self sustaining. A lot of these postmortems, I think end up with CEOs looking at metrics, especially the early growth metrics, -- and they want to be successful, most of the time it's their baby -- and seeing enough interest to make them think they're close. Ergo, the "only if we had more time/money" postmortems.