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> Bandcamp has always felt like it should be someone's lifestyle business, like gumroad, and never seemed like it was trying to be a "business" that needed to a
by projectazorian 3y ago
> Bandcamp has always felt like it should be someone's lifestyle business, like gumroad, and never seemed like it was trying to be a "business" that needed to add features or obsess over hyper hocky stick growth.
Bandcamp did seem like a chill midsize lifestyle business before the Epic acquisition. I suspect that Epic's acquisition offer was too good for the founders and board to turn down.
(While Bandcamp wasn't a classic venture-funded startup they did have outside investors.)
- heleninboodler 3y ago> While Bandcamp wasn't a classic venture-funded startup they did have outside investors I don't think it's correct to say they weren't venture-funded. True Ventures lists them on their portfolio page. I don't know what that says about how much True Ventures put in, but they must have invested something.
- projectazorian 3y agoCrunchbase says that was a Series A in 2010 with no further rounds, so I don't think that's inconsistent with my original post. They took some outside investment early on but their path looks nothing like the classic VC-funded growth trajectory.
- heleninboodler 3y agoI can't help but make a wry observation that they are objectively VC-funded, but that by saying they aren't a "classic VC-funded growth trajectory" you're doing a No-True-Scotsman-style "not a true venture funded company" argument, and that they are literally a True Ventures funded company.. I'll show myself out. (Seriously though, I see your point and am not trying to bicker about this; I just think it's a funny situation)