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> We aren't bootstrapped, we raised a seed round. Turns out when you don't need money it's easy to get ... What? Why would you raise seed if you don't need it?
by qeternity 10y ago
> We aren't bootstrapped, we raised a seed round. Turns out when you don't need money it's easy to get ...
What? Why would you raise seed if you don't need it?
- chris_va 10y agoOld saying Take money when you can get it, not when you need it.
- qeternity 10y agoA runway is not money that you don't need. That's my point.
- mrkurt 10y agoThis is probably worthy of a blog post, but! We took investment for a few reasons. One is diversification, we can put our own money other places. More importantly, I think, is it's not weird when someone needs to get paid like it would be if we were personally funding the company. And, honestly, we wanted to be able to move faster. We can try riskier things, be more generous with free plans, etc, etc.
- always_good 10y agoWhy would ants store food in the summer?
- qeternity 10y agoBecause they will need it. Hence my point. Raising enough of a runway is just responsible. But raising money you don't need, isn't.