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> If all those are amazing enough you can IPO before you even launch a product. No, you actually cannot. For a one billion dollar valuation, it should be expe
by solosoyokaze 6y ago
> If all those are amazing enough you can IPO before you even launch a product.
No, you actually cannot.
For a one billion dollar valuation, it should be expected that the company owns the technology stack used to power the product. If I were Clubhouse's vendor I would be absolutely holding them over a barrel right now. I would have jacked up my costs 10X the second they closed the round.
- lhnz 6y agoThat would surely cause all of your other customers to freak out that if they became successful you'd do the same thing to them. Your reputation for fair prices would be ruined and all of your customers would now be building their own versions of your platform. Effectively your startup would be over, since nobody would ever trust you again. And, presumably your investors wouldn't be very pleased with you, so I guess you'd be looking for a new line of work, too... (That's not say that vendors won't increase their prices, but they will have to do so slowly. Meanwhile the founders of Clubhouse will be aware of this and no doubt building the replacement platform that has everything they will need...)
- solosoyokaze 6y agoI don't think anyone would fault a vendor for charging a startup that built a billion dollar valuation off of their tech stack more money. In fact, I'd question the business acumen of a vendor who didn't do that. Of course, most people know better than to use someone else's technology to build their business.