4 ms·
The point of the post isn't to bootstrap, it's to use capital efficiently. You can build products that put a dent in the universe for relatively small sums—Ocul
by replicatorblog 10y ago
The point of the post isn't to bootstrap, it's to use capital efficiently. You can build products that put a dent in the universe for relatively small sums—Oculus ($93.55), Nest ($80M), WhatsApp ($60.25M), Instagram ($50.5M), Twitch ($35M), Cruise ($18.8M) are all lightly funded relative to the value they bring to market—both financially and aspirationally.
- AndrewKemendo 10y agorelatively small sums Except those were all venture funded...and even though it's not hedge fund amounts, those aren't small sums. the whole point of the post was saying that Venture money puts you on a certain path. I claim it's necessary to get on that path. So I think this proves my point. Oculus: Andreesen/Spark Instagram: Andreesen/Sequoia Twitch: Bessemer Cruise: Quallcom/Spark
- replicatorblog 10y agoRelative to the $285M median raised by the 158 companies on the WSJ unicorn tracker. To counter notion that you need capital to get on a certain path, I'd note that Shutterstock, Wayfair, Lynda, Atlassian and others achieved multi-billion dollar exits with no VC in their formative period. In all cases, save Shutterstock, the companies raised late stage PE, but more as a way to cash out shareholders than fund development.