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> Weave had previously raised $2 million in funding from Y Combinator, Index Ventures, Vulcan Capital, Eastlink Ventures, and others. Does anyone know if they

• gkoberger 10y ago
  Did Tinder have a business model originally? The goal of an app like this is network effect, and then you can monetize once you have a lot of users. I bet they figured if Tinder could make money, a professionally-focused app could too. I'm sure at some point they threw out a list of things they could do to make money (pro accounts, recruiting fees, etc), but likely their early focus was on getting as many users as possible.
• mseebach 10y ago
  $2mm isn't actually a huge amount to test out a potentially valuable idea without having more than a vague business model -- if successful, this would be directly hard cash valuable to a lot of people, so it's not unreasonable to hand-wave "find a way to charge people later". I've heard of plenty of projects (inside larger companies) that probably cost more than that and were unceremoniously shut down when they didn't work out. 1: at $100k, it's 20 engineers for a year, and that's without office space, desks, computers or servers