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Rubrik for early stage: 1. No product: -> went to stanford or harvard -> funded (no questions asked) -> held director level at faang -> funded -> everyone else -> probably not funded 2. Have product: -> not prestigious -> need real ARR with good growth -> prestigious -> need a product -> everyone else -> not funded
(I'm definitely in the middle-class bucket)
Earlier quoted context omitted.
Yeah i was more so thinking of first time founders. Second time founder is a different thing, though I dont think early employees ("founding engineers") get much respect.
“Founding ____” is not “founder”. It’s just a fancy way of saying “employee”. This is always been the case.
Earlier quoted context omitted.
Yeah i was more so thinking of first time founders. Second time founder is a different thing, though I dont think early employees ("founding engineers") get much respect.
“Founding ____” is not “founder”. It’s just a fancy way of saying “employee”. This is always been the case.
Earlier quoted context omitted.
This is almost accurate. I would add one more thing: -> Have previous success (as founder or as employee) in same space -> funded
Yeah i was more so thinking of first time founders. Second time founder is a different thing, though I dont think early employees ("founding engineers") get much respect.
"Founding X" doesn't count for shit.
Being part of a team that built a hugely successful product teaches you a lot - it teaches you about the counterintuitive dynamics of superlinear growth. That is a very important mindset to bring to the table if you want to create a successful VC-funded startup.
"Everyone wants investment from venture capitalists." Am I the only one not living in this bubble. I cofounded a boostrap business. Having cash to hire and not have to work two jobs would sure be nice, but if I am raising it would not be to be on Forbes list, it would be to build an actual business. The vanity of those people sometimes.
I really hope you read the second sentence and understood I was trying to be a little satirical here
I guess if you play the game you can get your hands on a lottery ticket with pretty good odds. But seriously fuck these people and their egos.
I'm pretty sure if you build really solid tech or a growing company they'll come chase you, so I am really hard pressed to figure out why people should pay all that much attention to who they are and what they think at all.
"Everyone wants investment from venture capitalists". I have a bootstrapped side project, Tunnelmole, turning a small profit and growing at a slow and steady rate on its own. I'm the engineer so I only really pay hosting costs, which are covered by the revenue, although in the early days I had to cover this. While venture capital is an option, if it continues to grow, it's entirely possible the venture capitalists ma…
I work at a VC firm. If the business can finance itself, you absolutely don’t need VC cash. Ultimately, that’s the goal - build a profitable business.
But it depends how my own efforts go, there's still a long way to go before my current methods become ineffective.
I've never understood the cult around tech VCs, the ratio of self-regard to actual value delivered to the world (or even their own firms) has always seemed staggeringly out of scale with reality. And that's even true in a world that seems to have no shortage of unearned self-regard. I guess if you play the game you can get your hands on a lottery ticket with pretty good odds. But seriously fuck these people and their…
In terms of everything else...
Rubrik for early stage: 1. No product: -> went to stanford or harvard -> funded (no questions asked) -> held director level at faang -> funded -> everyone else -> probably not funded 2. Have product: -> not prestigious -> need real ARR with good growth -> prestigious -> need a product -> everyone else -> not funded
This is almost accurate. I would add one more thing: -> Have previous success (as founder or as employee) in same space -> funded
It should run on it's own and not need investor money. You shouldn't be focused on getting VC's, you should focus on developing an app that actually turns a profit.
It's not that difficult. Anyways, I found your story really interesting. Good story :)