corry

22 ms·

181.
by corry 6y ago
Well, if we're defining "auction" to mean anything with competing options -- rather than its typical usage, which is price-only competition of something rather commodity-ish -- then sure. My process had elements of an auction
182.
by corry 6y ago
I made a comment further down that your comment jives with. It’s the idea that abundant capital doesn’t necessarily mean it’s evenly distributed through the various stages. In particular, seed stage seems not to have seen the effect yet. Ha
183.
by corry 6y ago
Perhaps I'm a minority, but I got A LOT of value from my investors (both pre-seed, seed, and series A). To the point where I'd consider them core partners in my journey of building the business. I know Aaron isn't saying that
184.
by corry 6y ago
With interest rates so low (and lots of headwinds for them to increase in the short-term), one has to think that this will be the new normal for a few years at least. The rise of SPACs is another sign - they are disrupting both later-stage
185.
by corry 6y ago
I just realized something. Riffing on how Excel is UI/DB/biz logic in a huge unbounded zone, I think the reason it’s so popular is that people use it to build PRODUCTS. They don’t call them products, don’t sell them, but a well-bu
186.
by corry 6y ago
Excel elicits some equivalent of Stages of Grief in technical people. First, some version “it’s so dumb the world runs this way, I’ll just port a few of <use case> into a modern CRUD web app and people will prefer it since it will red
187.
by corry 6y ago
On my other comment, I forgot to note that I phased in the three lifestyle changes. First I started the supplements and that provided most of the drop (down to 130/80 ish). Then I layered on the exercise, reduced caffeine, and change i
188.
by corry 6y ago
Sure but ya this isn’t health advice! I did under supervision (in a sense) by my doctor. He originally wanted me to go on proper meds but I asked for a few months to address it on my own and he was astounded by the results. Big caveat. I al
189.
by corry 6y ago
I’ve been an Examine.com subscriber for about 1.5 years now. Well worth the money IMO if you’re into some light self-experimentation w.r.t. supplements. I had used it to research supplements that have an effect on blood pressure, and it hel
190.
by corry 6y ago
'I really wish we would treat sales people the same way. "How much money is this contract for? What date will it be signed?"'. In well-run sales teams, that is exactly what happens. There is a constant move towards more
191.
by corry 6y ago
Forgot to say in my other comment: a huge difference between those businesses and a SaaS product is margin. A $10k MRR SaaS product at 85%+ margins, requires no equipment other than a laptop to maintain, is vastly superior to a lawn mowing
192.
by corry 6y ago
I had the same initial reaction. A SaaS product taking that long to get to $10K ARR is not exciting from an ambition perspective - maybe from a side-project POV, though, it would be. While the traditional VC yardsticks* are both way too red
193.
by corry 6y ago
Here in the Kitchener-Waterloo region of Ontario/Canada, the local McDonalds ran with Beyond Meat burgers for about a month (maybe April-ish)? From what I could tell, it was very successful (often sold-out, and anecdotally the workers
194.
by corry 6y ago
Adding a +1 for building your first models by hand, before using something "on rails". Perhaps until say $5M ARR for B2B SaaS. My experience was that I have a much better command of the important levers in my business -- and can m
195.
by corry 6y ago
AF = “as fuck”; the @ is used in reference to a direct message/mention or tweet - like “don’t tweet at me about this bro”.
196.
by corry 6y ago
One additional point. If you have existing investors who have pro rata rights, the larger the check from the new round lead investor, the more existing investor money is also being put in. And since all VCs are basically in a "I want
197.
by corry 6y ago
I've heard founders say this too. The mentality is "look, you'll end up giving away 20% of your company on the round anyways, so you might as well get more $$$ for that 20%". As if the % is fixed and immovable. In my own
198.
by corry 6y ago
Reminds one of PG's "just don't die and you become rich" advice for startup founders. FWIW, the best founders I've met within YC or outside of it have this paradoxical quality that takes high optimism about the futu
199.
by corry 6y ago
Was by chance this “retreat” in Mexico psychedelic related? Your story fits a fact pattern to me, which is abstaining from caffeine prior (because caffeine apparently can ‘get in the way’ of the ‘chemical experience’) and the fact that you
200.
by corry 7y ago
Cool idea guys, congrats on the launch especially given it was mid-batch. I'm not in the market for something like this but it resonates with me since a few times now we've run into the need to jury-rig some scripts to pull data f
201.
by corry 7y ago
I'm also worried this will add to NIMBY re: nuclear power. Not a good look for the entire province to be momentarily scared shitless about a potential incoming meltdown completely unnecessarily. I'm in Ontario, and my first half a
202.
by corry 7y ago
Fair point. I think Fred meant the comment more for the founder mentality of not giving up etc. Given that a lot of his readership is founder/investors vs. typical startup employees, maybe that's OK? And while tone deaf to a newly
203.
by corry 7y ago
Wasn't intended to be a jab... just a reflection on my own reaction reading it. Up until reading the parent comment, not once did I think about the potential financial ruin of this family (whereas the comment suggested that that was on
204.
by corry 7y ago
Don't want to spark a healthcare debate, but want to mention that I bet NONE of the non-US readers on HN would have given a single thought about the costs involved if this was happening in their countries. It's wild to me that the
205.
by corry 7y ago
He's Canadian I believe; so while I'm not sure how his care in NYC would be billed, I think it would be still covered by OHIP (the public health insurance in Ontario Canada) or maybe travel insurance. Certainly all the care he rec
206.
by corry 7y ago
Good points, but I'm curious if getting multiple TSs is only true in "the very best of circumstances". For instance - is 30 VC outreaches a stretch? Sounds like a day or two of focused efforts - cold outreach, working your ne
207.
by corry 7y ago
"It's pretty hard to get more than one [term sheet] because every deal is on its own timeline" - yes, but that's a symptom of a loose/poor/disorganized fundraise (IMO), not a hard and fast constraint. To me, th
208.
by corry 7y ago
This 10000%. I founded a YC company that's focused on Public Sector, and we see the greenfield opportunity in this space every day. Only 5% of a given public sector IT's budget is cloud software (most of their software is legacy&#
209.
by corry 8y ago
In early-stage SaaS, a rule of thumb I've often heard is that it's great if you're maintaining a 1:1 ratio of cash burned to ARR generated. So if you net burn $6M cash from Day 1 to now, and get to =>$6M ARR, you're d
210.
by corry 8y ago
Not sure your moment of clarity deserve massive praise, but surely it doesn't deserve downvotes. Kudos for sharing.

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