Go Slow to Go Fast: Software Building and Investing
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Go Slow to Go Fast: Software Building and Investing
When VC money is a BAD IDEA 👇
1️⃣ Your model is not scalable/capital-efficient
A typical seed VCs looks for 100x return within 7 to 10 years.
That's why tech businesses are usually preferred over retail or services.
High scalabili... See more
Steph from OpenVC ⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰⃝꙰twitter.comThere are upsides and downsides to each approach. Almost half of billion-dollar companies focused on systems integration, which can be easier to pull off given the low technical lift but could be more costly in sales and customer acquisition. It’s much harder to solve a deep-tech problem, but doing so can act as a defense for those startups. Anothe
... See moreAli Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups
And the way we fund this is primarily through US-based venture capital funding, which demands hockey stick growth in return.
All the focus goes into making hundreds of millions or ideally billions of dollars in profit to pay back their investors.
As a member of a team that's in the middle of doing this, I can say it affects every single decision abou... See more
All the focus goes into making hundreds of millions or ideally billions of dollars in profit to pay back their investors.
As a member of a team that's in the middle of doing this, I can say it affects every single decision abou... See more
Maggie Appleton • Home-Cooked Software and Barefoot Developers
Think about distribution from day one
If you’re going to build a product, you want people to use it. But far too often, founders get drawn to the building and tinkering side of the business, forgoing the go-to-market piece until they’re actually ready to get out and sell.
That’s a mistake, says Foster. “I think one of the biggest things that founder... See more
If you’re going to build a product, you want people to use it. But far too often, founders get drawn to the building and tinkering side of the business, forgoing the go-to-market piece until they’re actually ready to get out and sell.
That’s a mistake, says Foster. “I think one of the biggest things that founder... See more