Live data from Hacker News

The golden era of being an open startup is gone

testimonial.to

11–20 of 114 posts

Re: The golden era of being an open startup is gone

#11
The world is a competitive place and we are seeing some folks lose their innocence.

If what you are doing is a real business, then given the choice to protect your business or aspiring to be "open" (but with no benefit, just risk") - you focus on the business.

It's really no different than releasing too much of your secret sauce as open source - can only hurt you and is a sign you aren't that mature about what running a business through various problems is like.

Re: The golden era of being an open startup is gone

#12
post #4

Earlier quoted context omitted.

I think you've hit on some of the issues. One of the challenges is that it is hard to know what the company was getting out of being open. That is hard because there is what folks say, and there is what they really think, and in the startup business the gap between those two realities can be really big. Also, the most successful startup CEOs seem to be really good at crafting a narrative out of very cherry picked "fa…

Peldi (Balsamiq) did this well, but in reality it was all pretend. He pretended like had this massive groundswell of people who loved his app but it was an incredibly well-executed PR campaign and he deserves mad props for it. He didn't make it clear at the time, but eventually it came out. Of course, people did love his app but he engineered that incredibly well. So if being open makes sense for PR, do it, but learn…

Was there a twitter thread about this or something? I'd love to read more. I actually don't think I've heard the name Balsamiq in 10 years

Re: The golden era of being an open startup is gone

#14
post #10

Earlier quoted context omitted.

He’s a prolific indie creator with a history of building a successful business in the open. More than enough credibility if you ask me.

Who are you? This may be true but without evidence is sounds like exactly what the OP is complaining about. His LinkedIn doesn't even claim any business building before 2.5 years ago. https://www.linkedin.com/in/damengchen It only claims he built 2 things.

It ought to behoove us to ask this question for every blog post of this nature thats posted.

Re: The golden era of being an open startup is gone

#16
post #5

Who is Damon Chen and why should I take this commentary seriously?

Thoughts and ideas stand on their own merit, and are worth sharing or criticizing regardless of who produced them. You shouldn't need to know the background of the author to agree or disagree with them, just as credentials aren't required from you to participate in this forum.

Re: The golden era of being an open startup is gone

#17
The golden era of being a startup is gone

FTFY What if general demise of startups (due to funding drought, covid, market saturation, bad timing aka world wasn’t ready for our idea, or leave your favorite excuse in comments) also impacted open startups? And what if they weren’t successful because open but because market was easier?

Re: The golden era of being an open startup is gone

#18
We are just about starting out with my company and I've literally just made our live analytics public at https://analytics.moonka.space - it's literally everything we see.

We are using Plausible.io (kudos to them!), a privacy-first analytics platform that provides just enough data without abusing our users' data. This way, we don't even have to show a cookie notice.

I'm planning to open up our financial details as well as soon as we have enough transactions so that our clients can't be identified based on our data.

*edit: grammar

Re: The golden era of being an open startup is gone

#19
post #10

Earlier quoted context omitted.

He’s a prolific indie creator with a history of building a successful business in the open. More than enough credibility if you ask me.

Who are you? This may be true but without evidence is sounds like exactly what the OP is complaining about. His LinkedIn doesn't even claim any business building before 2.5 years ago. https://www.linkedin.com/in/damengchen It only claims he built 2 things.

Does it matter?

Re: The golden era of being an open startup is gone

#20
Other posts have touched on this: when times are good and you're not in a competitive environment, this sort of nonessential fluff accumulates because there is no countervailing force. I'm sure everyone can think of non-value-add activities that companies get caught up in because they have too much time on their hands. This is just one of them. Now we're reverting to the mean
Post reply on HN