31–40 of 45 posts
These are the kinds of startups that make me think twice about becoming a founder myself i.e. raising VC money and hiring a bunch of people only to become trapped into working on an idea for 3-4+ years that you know is not working after year 1-2 because you still have money to burn.
Earlier quoted context omitted.
Would you be willing to invest time/money into a platform you knew would likely shut down in a month or so? I like the idea of a "last chance", but I definitely would be much less likely to use a platform on its last breath. The functionality would have to be really compelling.
I'll be honest I didn't think that one through. I guess I just figured they wouldn't mention "this is a last ditch effort before we close down" without thinking of how dishonest it'd be to do so.
Earlier quoted context omitted.
Would you be willing to invest time/money into a platform you knew would likely shut down in a month or so? I like the idea of a "last chance", but I definitely would be much less likely to use a platform on its last breath. The functionality would have to be really compelling.
I think corobo was saying that if they posted a Show HN (without mentioning shutting down), maybe they wouldn't need to shut down.
I really wish these projects would post a Show HN or something a month or so before announcing their shutdown. So many times I hear of something new and interesting I'd like to give a go through a shutdown message on HN.
They didn't seem to have a monetisation strategy, so would more interest help? From their FAQ: > How much does Weave cost? > The service is absolutely free. We're venture-funded and will monetize in the future via premium (even better!) services for our members.
They also explored enterprise - helping companies create new connections throughout the organization.
I got a ton of value out of it. Never used the premium features but met a ton of great people that was worth the price of admission.
> Weave had previously raised $2 million in funding from Y Combinator, Index Ventures, Vulcan Capital, Eastlink Ventures, and others. Does anyone know if they had a solid business model when they raised? Or was it valued on mostly hype?
1: at $100k, it's 20 engineers for a year, and that's without office space, desks, computers or servers
First I'd heard of it, but seems like a really effective way to apply bias filters for elitist tech folks to meet and advance careers of other elitist tech folks. Glad it's shutting down.