3 ms·
> In what decade was this? My current company is self funded. We turned down term sheets in jan/feb 2023 because we didn't like the valuations offered, and ju
by gumby 3y ago
> In what decade was this?
My current company is self funded. We turned down term sheets in jan/feb 2023 because we didn't like the valuations offered, and just changed our plan instead.
30 years ago pretty much every startup was still sui generis on pretty much every dimension. The saas boom let to an absurd convergence on business models from funding to marketing, so what kinds of products are made. And lots of people who started companies just to make money (nothing wrong with that I suppose...except aren't there easier ways?) rather than starting them primarily to scratch an itch. So a lot of "is there a cargo cult I can follow?" rather than "hmm, what do I really need to do to get to my goal?"