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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 5

    HEY DID YOU KNOW THAT BASECAMP SAYS YOU DON’T NEED TO RAISE VC

    11:40 PM - 5 Aug 2018
    • 16 Retweets
    • 216 Likes
    • Joshua Schoenaker Luke Behnke Claudio Carnino Ankit Kapoor Rachel Goss Kelsius Galen Ward -=CULLEN arthur johnston
    17 replies 16 retweets 216 likes
      1. Austen Allred‏Verified account @AustenAllred Aug 5

        I HAD NO IDEA BUT SOMEONE JUST LINKED ME TO ONE OF THE 80,000,000 ARTICLES THEY’VE WRITTEN ABOUT IT! SOMEONE GET THIS ON HACKER NEWS IMMEDIATEY!

        4 replies 2 retweets 82 likes
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      2. Benedict Evans‏Verified account @benedictevans Aug 6
        Replying to @AustenAllred @andrewchen

        HEY DID YOU KNOW BASECAMP SAYS THE ONLY WAY ANYONE SHOULD DO ANYTHING IN ANY COMPANY OF ANY KIND IS THE WAY THEY DO IT?

        1 reply 1 retweet 93 likes
      3. Andrew Chen‏ @andrewchen Aug 6
        Replying to @benedictevans @AustenAllred

        you guys are both savage af lol.

        2 replies 0 retweets 29 likes
      4. Benedict Evans‏Verified account @benedictevans Aug 6
        Replying to @andrewchen @AustenAllred

        Hey, I had a Basecamp account. It was cool.

        1 reply 0 retweets 2 likes
      5. 1 more reply
      1. New conversation
      2. Kate Kendall‏Verified account @KateKendall Aug 5
        Replying to @AustenAllred

        Haha. The problem is for every repetitive article Basecamp posts online, founders are being told to raise money by nearly everyone in their local startup community. Ratio is probably 1:250, so contrarian perspective needs to be overstated.

        2 replies 2 retweets 44 likes
      3. Mrs. Pirate Owl  🏴‍☠️ 🦉‏ @mrspirateowl Aug 6
        Replying to @KateKendall @AustenAllred

        Of course the local startups companies do that. Guess who sponsors them?

        1 reply 0 retweets 2 likes
      4. Rob Wood‏ @RobWoodWasHere Aug 6
        Replying to @mrspirateowl @KateKendall @AustenAllred

        Um, who?

        1 reply 0 retweets 0 likes
      5. Mrs. Pirate Owl  🏴‍☠️ 🦉‏ @mrspirateowl Aug 6
        Replying to @RobWoodWasHere @KateKendall @AustenAllred

        Early morning :D I meant that startup communities are usually sponsored by VC firms - and the reason is that they're the ones who have the most tangible benefit from them.

        1 reply 0 retweets 1 like
      6. Rob Wood‏ @RobWoodWasHere Aug 6
        Replying to @mrspirateowl @KateKendall @AustenAllred

        Hmmm, down here Aussie VCs tend to stick to sponsoring spaces only for people who they have invested in. :( Wouldn't be crowing too loudly about their record of sponsoring startup communities here, unfortunately. Maybe different other places (I hope).

        1 reply 0 retweets 1 like
      7. Kate Kendall‏Verified account @KateKendall Aug 6
        Replying to @RobWoodWasHere @mrspirateowl @AustenAllred

        So many events have VCs as panelists or speakers who all say the same thing (raise) though. It’s more common for VC-backed companies to be in tech press or speaking than bootstrapped found who is heads-down.

        1 reply 0 retweets 6 likes
      8. Rob Wood‏ @RobWoodWasHere Aug 6
        Replying to @KateKendall @mrspirateowl @AustenAllred

        Oh, totally agreed. Yet, a Kaufman (??) study of US companies that made the Fast 500 between 1997 and 2007 found that 84% did not take VC funding. Bootstrapping is the norm.

        1 reply 2 retweets 10 likes
      9. 4 more replies
      1. Sheel Mohnot‏ @pitdesi Aug 6
        Replying to @AustenAllred

        I love when they said there was no way Facebook was worth $33B:https://signalvnoise.com/posts/2585-facebook-is-not-worth-33000000000 …

        0 replies 3 retweets 7 likes
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      2. Robert Stephens‏Verified account @rstephens Aug 6
        Replying to @AustenAllred @benedictevans

        The worst part is BASECAMP IS A PRODUCT THAT NEEDS A LOT MORE WORK BY ITS FOUNDERS VERSUS NONSTOP FINGER-WAGGING

        1 reply 0 retweets 13 likes
      3. Eric Jorgenson  🛠 📈‏ @EricJorgenson Aug 6
        Replying to @rstephens @AustenAllred @benedictevans

        But they reached MSNFFW: Minimum Success Necessary For Finger Wagging, so why bother.

        0 replies 0 retweets 5 likes
      4. End of conversation
      1. Siamak Freydoonnejad‏ @siamakfr Aug 6
        Replying to @AustenAllred

        They do talk about that a *lot*, but they're one of the few visible "lifestyle businesses" in tech circles. If you compare their content to all the "how to raise," "when to raise," "who to raise from," "how to pitch," etc it's not even close.

        0 replies 0 retweets 5 likes
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      1. David Pinsen‏ @dpinsen Aug 6
        Replying to @AustenAllred @jaredmckiernan

        An angel investment from Jeff Bezos is much better.

        0 replies 0 retweets 3 likes
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      2. Michele Hansen‏ @mjwhansen Aug 6
        Replying to @AustenAllred

        Learned recently that they took money from Bezos early on. Interesting detail in the story that isn't mentioned much. https://www.startups.co/articles/build-a-kick-ass-startup?ref=quuu&utm_source=quuu …pic.twitter.com/oG8v2urtCX

        1 reply 0 retweets 3 likes
      3. Andy Cook‏ @AndyGCook Aug 7
        Replying to @mjwhansen @AustenAllred

        That round was used to cash out the founders and not to fuel growth. Technically more of an exit of sorts.

        1 reply 0 retweets 0 likes
      4. Michele Hansen‏ @mjwhansen Aug 7
        Replying to @AndyGCook @AustenAllred

        Interesting.

        0 replies 0 retweets 0 likes
      5. End of conversation

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