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This is probably my biggest topic of contemplation and experimentation. The startup I co-founded was funded by YC the month after this essay was published. It
by tomhoward 4y ago
This is probably my biggest topic of contemplation and experimentation.
The startup I co-founded was funded by YC the month after this essay was published. It was the same batch as Airbnb. We didn't tick the VC boxes. PG commented later that we were "so nervous" in the interview; he had no idea how much.
It was said that all the startups in our batch were chosen because we seemed particularly resilient. It's amazing how being told that by someone like PG will make it come true.
Our startup didn't make it as a "home run" success, and we found it hard to raise VC funding, partly, I think due to not ticking VC boxes. But the company still exists in a different form. It employs over 10 people and is doing really important work to help airlines recover from the effects of the pandemic. It could yet be a huge success, thanks to the resilience and determination of the people still there (I left about 7 years ago).
Thanks in large part to the YC experience and vote of confidence, I've been undertaking a very profound journey of self-discovery and growth, and have worked on several important and successful projects. I'm now exploring multiple opportunities to start or join new startups, some related to the work we were doing in our YC-funded startup, and others completely different.
I think the last few years has been a tough time to be the kind of founder who doesn't tick VC boxes; the whole startup world has been dominated by glitz and hype.
It feels like that's changed in the past week. It seems the latest hype era is over, and we're re-entering a period where resilience, resourcefulness and determination will be in strong demand.
Please don't be discouraged. If you really want to build something important and valuable, you'll find a way to do it, and you'll get the support and funding you need when you're ready. It may take a long time, but important work always takes a long time.
I hope you find the purpose and motivation you need to have a go. It really can be the most amazing, life-changing experience. Feel free to contact me (email in bio) if you want to ask or discuss anything.
Best wishes.
- RMthrowaway 4y agoI'm a little skeptical of the thesis because the company you're referring to survived by becoming increasingly VC friendly. It got leadership with connections to investors and pivoted to VC-legible products. There's only one person still there from the beginning, who is, admittedly, resilient and determined, but would also tick the VC boxes because he's just generally a stud
- tomhoward 4y agoThis is mostly false, except perhaps for the suggestion of my co-founder being a stud. The company survived by becoming commercially focused and profitable, which happened after we recruited a leader with experience/connections in the airline industry, not to investors. The products the company pivoted to were not more "VC-legible" than what we started out doing; they were just products that could generate enough short-term revenue to enable survival. The company hasn't raised funds from VCs; its funding has been from angels, airline/travel tech companies and family offices. It has unquestionably taken a ton of resilience to get the company to where it was before the pandemic, then to survive the pandemic, and to find a way to thrive on the other side of it.
- cercatrova 4y agoLooks like the site is Adioso, but I don't see a link to it on the Internet. A reddit post which you replied to says you shut it down for now [0], is there a link I can visit? Or are you talking about another startup that employs 10 people? [0] https://old.reddit.com/r/travel/comments/owdpnj/it_seems_adioso_was_quietly_shut_down_cant_find/ https://old.reddit.com/r/travel/comments/owdpnj/it_seems_adi...
- tomhoward 4y agoThe original company rebranded when it pivoted to enterprise. I traded the Adioso brand/IP for my equity when I left, but have been working on other things, particularly since the pandemic arrived. A bit of LinkedIn sleuthing will lead you to the rebranded/active company, or you can email me if you want to know more.