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Weave.in shutting down

weave.in

11–20 of 45 posts

Re: Weave.in shutting down

#12
post #4

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.

More funding I guess?

Re: Weave.in shutting down

#13
> 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?

Re: Weave.in shutting down

#15
post #13

> 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?

Did Tinder have a business model originally?

The goal of an app like this is network effect, and then you can monetize once you have a lot of users. I bet they figured if Tinder could make money, a professionally-focused app could too. I'm sure at some point they threw out a list of things they could do to make money (pro accounts, recruiting fees, etc), but likely their early focus was on getting as many users as possible.

Re: Weave.in shutting down

#19
post #8
post #7

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.

Is it dishonest or is it hustle? The name of the game is putting your business first. You can't let those feelings get in your way.

Re: Weave.in shutting down

#20
post #19
post #8

Earlier quoted context omitted.

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.

Is it dishonest or is it hustle? The name of the game is putting your business first. You can't let those feelings get in your way.

I didn't even think about it until I responded to the person above, I'd like to think of it as hustle rather than dishonesty that's for sure!
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