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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Aug 1

    My parents worked for like 15 years building a company they could sell and end up with low-single-digit millions. My startup friends get there in 3-4 and people consider it a bad/mediocre outcome.

    1:12 PM - 1 Aug 2018
    • 13 Retweets
    • 229 Likes
    • Achim Domma eleanorina “sweetheart carnivore” Dennis Wingo BMac Scott Drakeford 👨🏾‍💻👨🏾‍🔬👨🏾‍🔧👨🏾‍🚀 Jonathan Abrams Matt Golt Horse Gosha
    11 replies 13 retweets 229 likes
      1. New conversation
      2. UX.pragmatist‏ @ClayNichols Aug 1
        Replying to @AustenAllred

        Do ur friends get that exit with no investors? (I.e like ur parents did)?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Aug 1
        Replying to @ClayNichols

        After investors yes

        0 replies 0 retweets 1 like
      4. End of conversation
      1. crazy glitch asian‏ @atav1k Aug 1
        Replying to @AustenAllred

        We're just temporarily embarrassed Bezosaires

        0 replies 0 retweets 5 likes
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      1. Ryan Sapp‏ @ryanparkcity Aug 1
        Replying to @AustenAllred

        I guess the difference is with 2 million you can buy a studio in SF and in Panguitch you can buy the whole county!

        1 reply 0 retweets 2 likes
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      1. Ryan Casey‏ @ryansweb Aug 1
        Replying to @AustenAllred

        I was recently told that our startup. growing at 100% YOY, wasn't high growth enough for a specific VC. Frustrating but motivating to continue down our bootstrap route to success.

        0 replies 0 retweets 2 likes
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      1. Matt Guttman‏ @mattguttmanorg Aug 1
        Replying to @AustenAllred

        “People” think the earth is flat.

        0 replies 0 retweets 2 likes
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      1. Garth Allred‏ @barnwoodframes Aug 2
        Replying to @AustenAllred

        Agree with your readers that bootstrapping is WAY different than VC but not necessarily a bad gig. Also agree that when the only goal is the cash outcome, the whole process too quickly becomes “burdensome.” The real fun is building something of value that didn’t exist before.

        0 replies 0 retweets 0 likes
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      1. Jaakko Tulkki‏ @JaakkoTulkki Aug 2
        Replying to @AustenAllred

        Something to do with jealousy?

        0 replies 0 retweets 0 likes
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      1. justinhj‏ @justinhj Aug 1
        Replying to @AustenAllred

        Well there's inflation, and that smart/productive engineers could earn $1m each at Google in 4 years with a lot less risk

        0 replies 0 retweets 0 likes
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      1. David Albrecht‏ @davidralbrecht Aug 1
        Replying to @AustenAllred

        Those two don't conflict. Companies grow much more quickly now then they used to. Though your larger point, the need for perspective, is taken.

        0 replies 0 retweets 0 likes
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      1. Jimmy Hsu‏ @202accepted Aug 1
        Replying to @AustenAllred

        It's a dangerous mindset in the valley. Boom or bust, and nothing allowed in between which frankly leads to some very unhealthy thinking — which for some sends them bordering on suicide.

        0 replies 0 retweets 0 likes
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      1. bullu 🍩‏ @saurabh0526 Aug 1
        Replying to @AustenAllred

        Inflation?

        0 replies 0 retweets 0 likes
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