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Are Product Hunt's featured products still online today?

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Re: Are Product Hunt's featured products still online today?

#81

Post by tnolet »

tiffanyh wrote: post #78
tnolet wrote: post #65

Totally anecdotal / single datapoint: launched my side project in 2018 on Producthunt. Total crickets. 5 upvotes. We are now a 20+ people team, 400+ B2B customers and $12M raised.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

Hey, I kinda agree. Customers are #1 and #2 etc. I believe we have quite some happy customers.

But this is a forum managed by a VC so some people are certainly interested in this. I also thought it was interesting in the context of a side project launched on PH.

Feel free to check my Twitter (link in my bio) on how I think about and interact with customers.

Re: Are Product Hunt's featured products still online today?

#82

Post by greycol »

conductr wrote: post #62
paxys wrote: post #57

Earlier quoted context omitted.

It is very far from a DDOS tool. Scraping can be done from a single source, one request at a time, with self imposed rate limits. Sure it can overwhelm a server, but then so can a single user opening 10 tabs.

> Scraping can be done from a single source That's not what this tool does though. It allows you to distribute your scraping to a layer of proxies. So, the only difference is whether there is an intent to do harm to the target or merely collect data... which could be a form of doing harm as well?

There are plenty of tools like this where going up to the line is much different than crosing it. There's a vast difference between driving your car to an event and driving the few extra meters into the crowd at an event. You can cut down a tree with a chainsaw or cut down a tree onto your neighbours house.

There's definetly an argument that dangerous tools should be regulated to varying degrees. If we're arguing regulations in this specific area you'd probably also be balancing it with regulations that sites can't close an account for reasonable rate automated access and that public research can have higher rates so long as they're not crippling.

Re: Are Product Hunt's featured products still online today?

#83

Post by actually_a_dog »

tiffanyh wrote: post #78
tnolet wrote: post #65

Totally anecdotal / single datapoint: launched my side project in 2018 on Producthunt. Total crickets. 5 upvotes. We are now a 20+ people team, 400+ B2B customers and $12M raised.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

I agree with @tnolet that it's not the number one stat I want to know about any given company. But, at the very least, it does mean that they were able to convince some people who look at thousands of companies a year and then interview hundreds of them to give them $12M. That's not nothing. Granted, $12M is not a whole lot of money in VC land, but there is some signal in that data point.

Re: Are Product Hunt's featured products still online today?

#84

Post by andrewxdiamond »

lethologica wrote: post #80
tiffanyh wrote: post #78

Earlier quoted context omitted.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

Oh don’t act like it’s not an important number. We don’t live in a utopia where money doesn’t matter. It’s an important number.

It’s an important number for the CEO and CFO, but it means nothing about the business or it’s success. “Funding raised” is completely uncorrelated with how successful the company is.

Re: Are Product Hunt's featured products still online today?

#85

Post by andrewxdiamond »

actually_a_dog wrote: post #83
tiffanyh wrote: post #78

Earlier quoted context omitted.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

I agree with @tnolet that it's not the number one stat I want to know about any given company. But, at the very least, it does mean that they were able to convince some people who look at thousands of companies a year and then interview hundreds of them to give them $12M. That's not nothing. Granted, $12M is not a whole lot of money in VC land, but there is some signal in that data point.

All that means is that they have $12 million in funding. Assuming anything else is a logical fallacy; there is no more information available in that number.

Re: Are Product Hunt's featured products still online today?

#86

Post by underwater »

tiffanyh wrote: post #78
tnolet wrote: post #65

Totally anecdotal / single datapoint: launched my side project in 2018 on Producthunt. Total crickets. 5 upvotes. We are now a 20+ people team, 400+ B2B customers and $12M raised.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

Even ignoring all the other factors, there is a disconnecting between only managing to get five (free) upvotes in one forum, and finding a group of people willing to bet 12 million on it in another.

Re: Are Product Hunt's featured products still online today?

#87

Post by actually_a_dog »

andrewxdiamond wrote: post #85
actually_a_dog wrote: post #83

Earlier quoted context omitted.

I agree with @tnolet that it's not the number one stat I want to know about any given company. But, at the very least, it does mean that they were able to convince some people who look at thousands of companies a year and then interview hundreds of them to give them $12M. That's not nothing. Granted, $12M is not a whole lot of money in VC land, but there is some signal in that data point.

All that means is that they have $12 million in funding. Assuming anything else is a logical fallacy; there is no more information available in that number.

Yes, there is, just as I said: they were able to convince someone who looks at thousands of companies a year, then interviews a handful of them to give them $12M. You don't think they prayed really hard to the money fairy and got their wish granted, do you?

No, you shouldn't read much more into that, but there factually is information behind the number.

Re: Are Product Hunt's featured products still online today?

#88

Post by nxmnxm99 »

tiffanyh wrote: post #78
tnolet wrote: post #65

Totally anecdotal / single datapoint: launched my side project in 2018 on Producthunt. Total crickets. 5 upvotes. We are now a 20+ people team, 400+ B2B customers and $12M raised.

> “$12M raised” Why is that even a metric to speak about? Shouldn't the metric that matters most be # of customers, how engaged they are with using the product and ultimately sales? Bringing up how much you have raised seems like the priorities are misaligned.

Because if I have $100m more than you, it's quite easy for me to get more, higher engaged customers than you

Re: Are Product Hunt's featured products still online today?

#89

Post by nxmnxm99 »

andrewxdiamond wrote: post #84
lethologica wrote: post #80

Earlier quoted context omitted.

Oh don’t act like it’s not an important number. We don’t live in a utopia where money doesn’t matter. It’s an important number.

It’s an important number for the CEO and CFO, but it means nothing about the business or it’s success. “Funding raised” is completely uncorrelated with how successful the company is.

Citation required

Re: Are Product Hunt's featured products still online today?

#90

Post by Phillipharryt »

andrewxdiamond wrote: post #84
lethologica wrote: post #80

Earlier quoted context omitted.

Oh don’t act like it’s not an important number. We don’t live in a utopia where money doesn’t matter. It’s an important number.

It’s an important number for the CEO and CFO, but it means nothing about the business or it’s success. “Funding raised” is completely uncorrelated with how successful the company is.

This is just patently untrue. The failure rate of ventue-backed startups is 75%. The failure rate of all startups is 90%. Funding is correlated with a lower failure rate.

https://www.failory.com/blog/startup-failure-rate

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