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It's definitely possible. Example: gumroad. I don't know the whole story, but basically at one point they couldn't raise more VC money, so they scaled down (rea
by raincole 3y ago
It's definitely possible. Example: gumroad. I don't know the whole story, but basically at one point they couldn't raise more VC money, so they scaled down (read: fire people) and made it at least moderately profitable.
But it's exception, not the norm.
- langsoul-com 3y agoGumroad is a major exception. They fired almost everyone and took on part time contractors instead.
- DVassallo 3y agoThey’re an exception because VCs pressure funded not to do what Sahil did. All investors wanted him to shut it down and do something else.