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This is from my completely anecdotal observations so take it with that grain of salt. But I actually think a bubble is good for people like you. To explain th
by TomOfTTB 16y ago
This is from my completely anecdotal observations so take it with that grain of salt. But I actually think a bubble is good for people like you. To explain that let me give you my advice...
1. Ramp up as quickly as possible. If there is a bubble than it will pop and funding will dry up. So you need to get funded as soon as possible.
2. Run Lean. Take whatever funding you get and figure out how to live off it for as long as possible. That means staying on Ramen for the time being.
Here's the reason for my advice. People treat the end of the first bubble like it was a dead period with no investments. That is not how I remember it. There was maybe 6 months where funding dried up but after that investors went looking for slightly safer bets. Companies that had survived the collapse and still appeared to be running well. Those companies had their pick of the VCs.
Most VCs will tell you their #1 criteria for funding is smart founders. Nothing proves how smart you are than out living your competitors. So if you can build a good product and survive the initial burst I think you're golden.
At least that's my 2 cents.
- jmathai 16y agoGood points. My biggest question was if funding was a good idea. Seems like the general consensus is to get it while it's easy.