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Actually, it was because of a legal snag that, unresolved, limited my ability to be acquired, take investment, or continue bootstrapping. If I had gotten the r
by dangrover 15y ago
Actually, it was because of a legal snag that, unresolved, limited my ability to be acquired, take investment, or continue bootstrapping.
If I had gotten the right counsel at an earlier stage (before I signed any contracts), I would have been able to go much further with it and, had I decided to sell, do so at a better valuation. I guess I shouldn't say much more than that since the matter is still ongoing.
Steinway was really excited about the app and was willing to work with me despite my predicament. It's been immensely satisfying to see the vision behind the app through with commercial music, etc. They've been great to work with.
But sort of a pyrrhic victory from a startup perspective! I wish I had gone with an incubator like YC or Techstars so that I had the advice/connections needed to avoid what happened. I think if I wasn't a single founder, I might have been able to. Lesson learned. Maybe next time!