Here we go... the VC world talking about “surving hard times” with advice given in lots of words that can be summed up as “be prudent with your money”
I went through YC in S08, known unofficially as “the worst YC class”. It’s when the “RIP good times” Sequoia deck went out.
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What did we do with our company? We started to raise a small round, but half way through sent everybody their checks back because the amount of revenue we brought in from our customers that year was roughly equal. I called this Customer Capital funding.
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The way we funded our work was by keeping an internal product backlog and putting a phone number on our website. If a customer called wanting something aligned with our backlog, we’d give them a quote, collect their money, and build it for them. It’s not rocket science.
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Replying to @AkuaWalters @bradgessler
it’s a return to history!
3:27 AM - 12 Mar 2020
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