5 ms·
Not saying I would turn down or won't turn down, but you've companies like 37signals and folks like DHH who are very happy making millions and not having a boss
by parthdesai 3y ago
Not saying I would turn down or won't turn down, but you've companies like 37signals and folks like DHH who are very happy making millions and not having a boss rather than making billions
- user_named 3y agoThey are the bosses
- Justsignedup 3y ago37signals (basecamp now) is an exception. They didn't seek investment to get started. They are able to fully control their destiny because they don't have investors, they asked for Bezos to invest because they wanted him as an advisor, not because they needed the money. So yes DEFINITELY possible to do a 37signals, but you need starting capital. Or at least an ability to live for free for 24 months while you figure out how to make cash from your business. Most companies of that nature are started by either of the following scenarios: - Kid(s) from a middle-to-upper class family who can live off their parent/grandparent's money for a few years while they figure things out. Maybe even family throws in a few hundred grand as a gift to get you started. Definitely have collateral for a loan. - Already successful founders who have the ability to drop 200-500k into their company to get started, and already able to live off their wealth.
- danudey 3y ago37signals is profitable, though. It's easy to say "I'm happy just being a small company making a good product" if you're making enough to keep the lights on, but if you don't know how to monetize your audience and user base then the pressure to accept investor money starts getting pretty high.