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Sometimes product fit takes longer than $VC_ATTENTION_SPAN
by rhizome 9y ago
Sometimes product fit takes longer than $VC_ATTENTION_SPAN
- TeMPOraL 9y agoIndeed, there are many other ways of building a business on-line than startups. Makes me think, maybe it's time to create a "bootstrapped" badge, or something like that; something that sites that didn't take VC money could proudly display? At least for me personally, whether something is an investor startup or not is an important data point for deciding whether to invest my time in it.
- sejiss 9y agohttp://37signals.com/bootstrapped http://37signals.com/bootstrapped Hasn't been updated in a while though.
- austenallred 9y agoGithub is on there, and they've raised $350 million
- lyra_comms 9y agoLyra's bootstrapped and already sustainable. There's just that little matter of scaling the database... (AWS means no worries about the server) www.hellolyra.com
- dredmorbius 9y agoFunding here came (in part) from O'Reilly, who strike me as in it for the longer haul.
- pascalxus 9y agoVC money or not, isn't the issue. It could be a single guy with 100$ who built that, it wouldn't make a darn difference. I mean sure, a single guy running the site would have all of eternity to twiddle with it, but without PMF, the site isn't going anywhere. I mean, the K-factor is either greater than 1 or it's less than 1. If it's less than 1, you can have 100s of years go by without gaining a meaningful audience. If it's greater than 1, then they would have seen that in their retention/cohort/signup analysis. Even, if only a sub-segment of their users were growing at a >1 K-factor, they would not have shut down. Since their shutting down, that's clearly not the case.