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This company is not a startup; it's merely a successful small business. the startup community ... get funding and VC wants to make a profit within a year and g
by sabat 14y ago
This company is not a startup; it's merely a successful small business.
the startup community ... get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals
This is not unheard of, but certainly not the norm. Successful VC firms invest of big growth, but over a longer term. Look at the huge VC-backed successes in SV (obvious examples like Google, LinkedIn) and you'll see anything but a build-it-and-flip-it mentality.
- timjahn 14y ago"merely a successful small business." Really? That small business is financially more successful than most crazy ass VC backed startups with the latest photo sharing solution will ever be. </rant>
- ceejayoz 14y agoIn fairness, that still doesn't make it a startup.
- slantyyz 14y agoI think after being in business for over a decade, 37signals is way past being called a startup.
- timjahn 14y agoNo, it doesn't. But who the hell cares?
- nanijoe 14y agoPray tell, what would make it a startup?
- Avshalom 14y agolosing money
- ceejayoz 14y agoThey were a startup early on. I think it's safe to say they've transitioned out of that at this point, just as Google, Amazon, etc. have.
- petercooper 14y agoI know this'll be a controversial stance but IMHO.. needing to work 5 or 6 days a week to prove the business case, make the business stick, and to scale the business to a point where you have multiple employees and processes that allow you to only work 4 day weeks if you want. Of course, some businesses can run on fewer hours from the start, but many require a lot of sweat and long hours to get the engine running.
- sabat 14y agoThat small business is financially more successful Sure. But they're not trying to build the same thing. I think it's mainly a midwestern attitude vs. Californian. Fried just wanted to build a business. Startup founders want to build companies.
- jeremyjh 14y agoStartup founders want to sell companies.
- campnic 14y agoWow, could we put the mythical "startup" on any more of a pedestal? '... merely a successful small business' as a diminutive to 37Signals? We've really jumped the shark here, haven't we?
- saraid216 14y ago> This company is not a startup; it's merely a successful small business. Startup, n.: A small business that is not successful yet.