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I concur with you that they bet too much on their content. The question then is: did the vicious cycle start from raising too much, or betting incorrectly?
by chrisabrams 10y ago
I concur with you that they bet too much on their content. The question then is: did the vicious cycle start from raising too much, or betting incorrectly?
- aub3bhat 10y agoWhen you are worth few hundred million to a billion dollars. The only rate limiting condition is the time you have left, and the window of opportunity. From his perspective (and correctly) there isn't any point in bootstrapping. Medium is not the first such example, you also have Path (where sadly one of the co-founder was not as rich), Quora, and as a counter example Uber.