throw9987432

4 ms·

1.
by throw9987432 10y ago
Well lets say he sold for 40 million (for IP), and also not accounted for has 50 million in debt, but 100 million in boxes of watches. One could argue that the debt + more can still be paid off by selling the existing inventory. It may be a
2.
by throw9987432 10y ago
I mean, I understand what he is saying... but if you join a startup (even as an employee), you should be aware that your risk of your job going away is higher. If you want a really safe job for 20 years you would join the government or a fo
3.
by throw9987432 10y ago
This sounds very good in theory, but if I got to the point I have 3 months runway at current staffing level with no funding in site, or 6-12 months at staffing level N - X, I would lay people off to improve the success of launching the comp
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by throw9987432 10y ago
Growth is in the OP. 3 months, but have a good sales pipeline (i.e. Dec will be month 4 and no slowing down, if anything it is speeding up). The funding example I gave was for a non-incubated startup. But it is my n=1, so not totally sure t
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by throw9987432 10y ago
Thanks for the support! I don't think I need 50k to quit my day job, depending on how much staff I have I should be able to quit closer to 10-15k MRR. If I can get people to prepay yearly as others have suggested, would be even soone
6.
by throw9987432 10y ago
Well what kind of seed rounds have you seen for companies that are small but have some traction? I have been involved in a few ( not as owner though), and for example a company with 0 market fit or customers or tech got 250k convertible deb
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by throw9987432 10y ago
You guys are great, wish I didn't have to write in stealth mode so I could blog.
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by throw9987432 10y ago
Awesome thanks. Let me look one by one. > Increase your price. This may reduce the number of customers but increase the profit margin, thereby cutting back on the hours required of you and making the transition from job to business owner
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by throw9987432 10y ago
I am not a sales guy, but I guess I say the right stuff? Not sure.. I am not having to force people to use my product, they are generally beating down the door to find ME. One guy last week found me on page 17 of google. I didn't kno
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by throw9987432 10y ago
I actually have a yearly discount advertised but not have not spent the 10 minutes to code it. Stupid of me, I bet I could get several people to commit to paying a year for 2 months free.
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by throw9987432 10y ago
These are good questions. Let me hit them up in order. > Are these customers who have already committed money/signed contracts? Or, would these be considered more like warm prospects? Say a customer I have talked to on the phone or
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by throw9987432 10y ago
Any more tips on why you feel so strongly 1, or strongly against 2-3? I do have a part time support person I am paying with "profits" (I am profitable as long as I keep working for free). So yes this is 100% where I am putting my
13.
by throw9987432 10y ago
Sadly that is partially my competitive edge. I am making it BETTER with code changes when I can find the time, but I never want to be a "sign up and never talk to a human" app ala Google Docs or something. I have 10 or 15 products
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Ask HN: Bootstrapper on the brink, what to do?
24 points by throw9987432 10y ago|29 comments