37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
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Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#2The long hours mostly has to do with the startup community. They get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals of the company.
The result is 70 or 80 hour work weeks and burnout. The VC don't care because they will be done in the short-term anyway.
It's the reason why I refuse to work for startups.
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#3The long hours mostly has to do with the startup community. They get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals of the company. The result is 70 or 80 hour work weeks and burnout. The VC don't care because they will be done in the short-term anyway. It's the reason why I refuse to work for startups.
This company is not a startup; it's merely a successful small business.
the startup community ... get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals
This is not unheard of, but certainly not the norm. Successful VC firms invest of big growth, but over a longer term. Look at the huge VC-backed successes in SV (obvious examples like Google, LinkedIn) and you'll see anything but a build-it-and-flip-it mentality.
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#4Why does this say: 'Its CEO's Model' when it should be 'Its CEO's Role Model'? Seems like the writer is baiting for clicks. It's a little misleading to me.
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#5The long hours mostly has to do with the startup community. They get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals of the company. The result is 70 or 80 hour work weeks and burnout. The VC don't care because they will be done in the short-term anyway. It's the reason why I refuse to work for startups.
This company is not a startup; it's merely a successful small business. the startup community ... get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals This is not unheard of, but certainly not the norm. Successful VC firms invest of big growth, but over a longer term. Look at the huge VC-backed successes in SV (obvious examples like Google, LinkedIn) and you'll se…
"merely a successful small business."
Really? That small business is financially more successful than most crazy ass VC backed startups with the latest photo sharing solution will ever be.
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#6Why does this say: 'Its CEO's Model' when it should be 'Its CEO's Role Model'? Seems like the writer is baiting for clicks. It's a little misleading to me.
You can use "model" to mean an example to follow. For example, "37 signals was the model for my software business" or "she was a model employee."
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#7The long hours mostly has to do with the startup community. They get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals of the company. The result is 70 or 80 hour work weeks and burnout. The VC don't care because they will be done in the short-term anyway. It's the reason why I refuse to work for startups.
Startups don't have to be VC backed and don't have to work long hours. We aren't and we don't.
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#8"To me that’s far more interesting than a tech company that’s hiring a bunch of people, just got their fourth round of financing for 12 million dollars, and they’re still losing money. That’s what everyone talks about as being exciting, but I think that’s an absolutely disgusting scenario when it comes to business."
Hilarious given that Jason Fried was on the board of directors of Groupon (his comments on this "disgusting scenario" here: http://news.ycombinator.com/item?id=2617160).
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#9Wow. It almost sounds like he runs his tech startup like a "real" company. Imagine that. ;-)
Re: 37signals Earns Millions Each Year. Its CEO’s Model? His Cleaning Lady
#10Earlier quoted context omitted.
This company is not a startup; it's merely a successful small business. the startup community ... get funding and VC wants to make a profit within a year and get out, at the expense of any long-term goals This is not unheard of, but certainly not the norm. Successful VC firms invest of big growth, but over a longer term. Look at the huge VC-backed successes in SV (obvious examples like Google, LinkedIn) and you'll se…
"merely a successful small business." Really? That small business is financially more successful than most crazy ass VC backed startups with the latest photo sharing solution will ever be.
In fairness, that still doesn't make it a startup.