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So uh... How do I get in the club? Because I could use a few millions.
by Zealotux 5y ago
So uh... How do I get in the club? Because I could use a few millions.
- toomuchtodo 5y agoSell a dream to those with deep pockets and shallow expectations. The dream and equity sold is the product.
- lumost 5y agoIsn’t this fundamentally the best strategy when money is free? Scarcity/speculation should dominate returns.
- johnebgd 5y agoHave ability to believe lies.
- mrweasel 5y agoPretty interesting question. I know at least one company which have burned more than $5mil in VC funding over ten years, and they only have a semi stable prototype built on 15 years old tech (which they claim is an actual product). Clearly there’s money to be had, but how to get them is the question.
- xyzzyz 5y ago$5M over 10 years? I forgot how to count that low.
- mrweasel 5y agoYeah, I know, not a lot for a Silicon Valley startup. It's still a ton of money else where in the world. In Denmark, $100.000 will buy you a top notch developer for a year. HN always assume Facebook, Twitter and Uber when talking startups, but the vast majority of startups in Europe are going to be much smaller, and $5M over 10 years is something that would be a godsend to most startups.
- xyzzyz 5y agoIn SV, $5M funding over 10 years would allow you to, maybe, like, rent some coworking space, rent some computing, and hire 1-2 people.