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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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    1. Austen Allred‏Verified account @AustenAllred 22 Dec 2017

      Exactly two years ago today I got a call from the billionaire that was leading our Series A, informing me that he was pulling out last minute, effectively killing the company. Had similar calls today, but without giving away too much let’s just say it was the polar opposite.

      7 replies 3 retweets 80 likes
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      Austen Allred‏Verified account @AustenAllred 22 Dec 2017

      Moral of the story: never be in a position where some guy can kill your company if he had a bad day

      3:50 PM - 22 Dec 2017
      • 4 Retweets
      • 77 Likes
      • Thilini Abeysekara Dante O. Cuales, Jr. Anirudh Narayan A. Martin Castro Sharat Satyanarayana David McDougall Adam📈📚 Anup Gosavi Be good to people.
      3 replies 4 retweets 77 likes
        1. New conversation
        2. Henrik Jonsson‏ @jonsson_henrik 22 Dec 2017
          Replying to @AustenAllred

          True moral of the story: build companies as they used to be built: with long hard organic growth without desire of slumping away majority stake for a pittance. Modern day financing ideals are the fiscal equalivent of premature ejaculation.

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 22 Dec 2017
          Replying to @jonsson_henrik

          Sometimes. It all depends.

          1 reply 0 retweets 2 likes
        4. Henrik Jonsson‏ @jonsson_henrik 22 Dec 2017
          Replying to @AustenAllred

          True, everything depends. But old school generation of independent cashflow always preceded investment on my behalf. Not for the money, but because of what it told me of the founders.

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. Gabe Greenberg‏ @gabe_g2i 22 Dec 2017
          Replying to @AustenAllred

          ugggh.. been in a similar situation about 2 years ago and it crushed my company but ended up being the best thing that happened to us.. and now have a business model where we don't have our eggs in one basket

          0 replies 0 retweets 2 likes
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        1. Himanshu Nautiyal‏ @hnautiyal 24 Dec 2017
          Replying to @AustenAllred

          Meta lesson I have learnt: Don't dance until I have two more names on the card. Clients, employees, partners, investors... Never talk to only one, even till the last moment.

          0 replies 0 retweets 0 likes
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