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> Quality has gone out the window and it's all about blowing up bullshit metrics because that's all these short-attention-span man-child types can deal with. N
by api 12y ago
> Quality has gone out the window and it's all about blowing up bullshit metrics because that's all these short-attention-span man-child types can deal with.
Not for everyone. Some people spend a lot of time building really high quality things and gradually work their way up to the point where they are ready for a seed round. Investors who are substance-oriented and long term focused do sometimes notice that kind of thing, especially if you have both substance and growth.
Basically it's:
Substance + Metrics >> Metrics > Substance Only
An example of the first would be something like Docker or Digital Ocean. The second would be SnapChat in its early days. The third would be any geeky hacker project on GitHub like CJDNS that has some loyal and excited users but is very niche and doesn't have growth that any investor would look at (or a viable revenue model, etc.). Such things are cool but generally aren't fundable. But sometimes such projects can learn business and pivot a little or build a secondary product around themselves and turn into the first category of thing.
I would add one more criteria that separates a geek project from a fundable venture: some prospect of a revenue model some day. It's best to book revenue ASAP, but even if you don't there needs to be some prospect that you could do it at some point. This is why "cloud" based ventures that hold the promise of future... ahem... monetizable surveillance... are getting funded over distributed and decentralized things where there isn't such a possibility -- even if they are initially "free." (My hope is that public reaction against snooping plus a saturation of the secondary market for snarfed user data might eventually put an end to this pathological trend.)