So if you had to do this again, would you have taken VC?
Runscope acquisition falls through
31–36 of 36 posts
Re: Runscope acquisition falls through
#32This post is getting more attention then intended but I'll be back later tonight after my hockey game to answer any questions. I do just want to state unequivocally that we do not intend to shut down, we're still growing and are as sustainable as ever. Customers don't need to worry about us disappearing.
Thanks for sharing the post. You've probably helped more founders with that than you know.
Anyways, welcome back to the Midwest, if you make it to Madison ever stop by the Ionic offices and say hi, I know several people on our team love your product!
Re: Runscope acquisition falls through
#33How am I just learning about Runscope? This service is fantastic. I just signed up for free, they have a really smooth onboarding process, I now have a free API monitor pinging my API from multiple geographic locations and verifying correctness of the return value, they are generating some neat reports, and it looks like they even have a control I can publish/iframe with a nice graphical history. I mean, this is almo…
> If you have Board control you will be able to issue dividends
Most VCs insist on a protective provision that requires their approval to issue dividends to the founders/employees (i.e., common stock). So yeah--focus on either building a company that will sell for more than the liquidation preference or at least push for a comfortable salary.
Re: Runscope acquisition falls through
#34It is interesting that the founder has decided to leave SF. It is getting to the point in the Bay Area that PG's concept of "ramen" profitability is becoming just a dream as costs continue to skyrocket. I think we are going to see the industry start to fan out geographically in the next couple years.
I wouldn't read too much into it. I love the Bay Area. Rent is crazy, but there's no better place to run a startup.
Re: Runscope acquisition falls through
#35So if you had to do this again, would you have taken VC?
For this company, absolutely. It's not perfect for every kind of business, but for what we wanted to accomplish I think it was the best path to do so. I'd just ask them better questions about failure scenarios :)
Re: Runscope acquisition falls through
#36@johns: who is gonna take care of your awesome community projects? If you need help, let us know. We are using them all the time...
We definitely want to keep them going. They're a great source of leads. If you're using them all the time though, sign up for a Runscope subscription! That's the best way to support those sites.