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What would you say needs to change? Would you say if were in the US you'd have had a chance to work on the product longer and spend less time on fundraising?
by AndriusWSR 12y ago
What would you say needs to change? Would you say if were in the US you'd have had a chance to work on the product longer and spend less time on fundraising?
- buro9 12y agoMaybe not in the US generally, but in Silicon Valley yes. For the same amount of effort in fundraising, companies raise a greater amount. If they're smart about spending this (not all in San Francisco at those wages and rental prices) then you can buy far greater resource (either pure headcount, or more time for the headcount you have). Either of those scenarios would have enabled us to bring a better product to market sooner, and to have raised awareness with more of the market... without already being on the fundraising treadmill.
- grimlck 12y agoI'm not sure how that helps. If you are in Silicon Valley (or NYC), then yes, you can fund raise easily and at high valuations, but you are stuck paying Silicon Valley wages. If you are in the US, but outside Silicon Valley (or NYC), then you cannot raise nearly as easily as in Silicon Valley. So while you are not paying Silicon Valley wages and rental prices, your valuations are lower as well. The last option is to have headquarters in Silicon Valley and have all your developers be remote - but that option seems frowned upon as seems awfully close to the outsourcing development.