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From Show HN to Series D

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Re: From Show HN to Series D

#21

Post by mdolon »

jackt89 wrote: post #18
mdolon wrote: post #14

This was both helpful and inspiring to read, thank you for sharing. - after thousands of lines of code, we realized our Edtech startup did not have product market fit, so we pivoted to building a Mixpanel competitor focused on segmentation* - 6 product iterations later, nothing was working. We were trying to decide between a group trip planner and what eventually became Segment. It was a dark time.* I'm curious.. whe…

https://blog.ycombinator.com/peter-reinhardt-on-finding-prod... Read transcript at 4:48

Great find! Definitely provides a lot more context

Re: From Show HN to Series D

#24

Post by kornish »

mritchie712 wrote: post #13
witcherchaos wrote: post #4

Series D (with 3 seed rounds) and 4 founders....what does the equity shares for each founder look like? 3% maybe?

If they raised 175, the valuation was likely at least 300 and more likely north of 500. Even 3% is worth $15M and I'd guess they each have a bit more than that.

The valuation for the Series D is 1.5B. Source: https://www.bloomberg.com/news/articles/2019-04-02/startup-s...

Re: From Show HN to Series D

#25

Post by I_am_ravi »

MuffinFlavored wrote: post #7

What percentage of Show HN posts go on to be successful products? :D

Well this is a wrong metric to check. There are lot of startup which didn't do well on Show HN, but did great as startups. Also, a few which did well on Show HN, but not that great as start up. I guess we should take Show HN as one of the many metrics available to see if your product is needed by the users.

Re: From Show HN to Series D

#27

Post by jgill »

jackt89 wrote: post #18
mdolon wrote: post #14

This was both helpful and inspiring to read, thank you for sharing. - after thousands of lines of code, we realized our Edtech startup did not have product market fit, so we pivoted to building a Mixpanel competitor focused on segmentation* - 6 product iterations later, nothing was working. We were trying to decide between a group trip planner and what eventually became Segment. It was a dark time.* I'm curious.. whe…

https://blog.ycombinator.com/peter-reinhardt-on-finding-prod... Read transcript at 4:48

Direct link: https://blog.ycombinator.com/peter-reinhardt-on-finding-prod...

Re: From Show HN to Series D

#28

Post by AndrewKemendo »

brandnewlow wrote: post #20

The thing that jumped out to me was how well the team managed their psychology. They state that after several pivots they were in the dumps and running out of money...yet their launch copy for Segment was peppy, optimistic and ambitious.

That's just "fake it till you make it" 101.

Re: From Show HN to Series D

#30

Post by idlewords »

This is a nice "silicon valley in a nutshell" post. Meandering startup skates by on generous funding rounds before finding itself a niche in the surveillance economy, where it is (of course) still not profitable, but congratulating itself for the ability to able to raise further investor money, conditioned on the prospect of expanding monitoring software to ever wider markets (while as a sideline ruining San Francisco for working people). An unusually clear example of startup tools building startup tools.
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