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All of the startup mantras hacker news recites go out the window if you raise lots of capital, apparently.
by pclark 16y ago
All of the startup mantras hacker news recites go out the window if you raise lots of capital, apparently.
- plamb 16y agoAnd they should. There's a big difference between two guys renting a house and living of their savings accounts pre-launch and 41 million dollars and 27 employees pre-launch.
- dglassan 16y agoya, it applies to a team of founders living off their savings who need to push their product out and get quick feedback from initial users to set their product/service in the right direction. A team of 20+ people with $41 million in the bank has the luxury of not having to worry about missing a rent check and they have the resources to do thorough QA testing and run a beta program to get initial feedback (maybe color ran a beta program I'm not sure). Color definitely has the resources to run a 6 month beta program to get feedback and test their app....a founding team of two living off their savings may not have the time or money to do this.