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At some point many entrepreneurs need to ask themselves WTF they need the venture money for anyway. If you are going to have to go ahead and build a viable pro
by carsongross 13y ago
At some point many entrepreneurs need to ask themselves WTF they need the venture money for anyway. If you are going to have to go ahead and build a viable product to get any money... why not just keep on keepin' on, and keep the upside? You can scale costs with the success of your business anyway, and, if you aren't insane, you are billing recurring, so you've got a pretty good idea where minimal revs will be for the next year.
Sure, there are perpetually money-losing ideas, like twitter, that still need the old model, but most startups I see these days don't have to be built that way.
> A modern startup’s costs are all people costs
Very true. And one of the things that startup founders can arbitrage.
And, let me say again, thank you everpix team. You've done the startup community a huge service by being so open about things.
- phillmv 13y agoBecause making a successful living heading a $10-20 million company that took 5-10 years to build isn't the lottery ticket we've all been sold on.
- untog 13y agoA $10-20 million company you own all of, though. The VCs don't just give you cash for free.
- carsongross 13y agoRight, but note that the VCs are effectively asking you to bootstrap anyway before you get any real VC, and absorb all that risk yourself, regardless of whether or not the lottery ticket story is true. That's not to say there aren't ideas that really scream for VC: enterprise sales take a long ass time and require expensive sales-bots to get done, for example. But for a lot of SAAS type stuff, that isn't the case.