3 ms·
There are quite a few red flags in the story, nevermind the ICO. - Pitching before building - Delaying release for more development - "Tremendous growth" but
by djb_hackernews 9y ago
There are quite a few red flags in the story, nevermind the ICO.
- Pitching before building
- Delaying release for more development
- "Tremendous growth" but no one willing to put up $$
- What is forcing a series A? Are you out of runway?
- An investor taking the lazy approach to investing (requiring others invest first). This is so common and so lazy and not confidence inspiring.
- anononpurpose 9y agoMy use of language might be confusing. We had a proof of concept implementation before the first investment. We got the investment after pitching for a year. We built and released the v1.0 in 6 months. Improved it for 2 years. Pivoted last summer. Retention rate is still increasing today. The meeting about the ICO happened lately.