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I think the author is assuming that the readers know exactly what happened in 2008. The crisis is referred to implicitly here: "Markets that were closing 20 ref
by sologoub 13y ago
I think the author is assuming that the readers know exactly what happened in 2008. The crisis is referred to implicitly here: "Markets that were closing 20 referred deals per year in 2006 turned into 1 or 2 closed deals by 2009."
- zach 13y agoOh whoops, he does say "as the housing market collapsed" there. Thanks for pointing that out. I guess I skipped a line because the text was all the same color. It does seem like it wasn't as bad for them, seemingly because this was in a non-bootstrapped phase. So clearly, that's a classic example of when having investors gives your company much-needed shock absorbers.
- wyclif 13y agoI guess I skipped a line because the text was all the same color I see what you did there. My fave HN comments are the HN-referential ones.