Good move. Lately we have seen a lot of start up with great potential being destroyed by easy money
On why we've actually turned down VC money for DeOldify, even from a VC we like quite a bit. We 100% bootstrapped and it was painful but I'm glad we did. In hindsight of course. It was torturous up until we were actually paid (LOL).https://twitter.com/citnaj/status/1316668997148917760 …
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That's a great endeavour I do hope this decade starts being the one of "startups that actually make financial sense from day 1 (or day 2) and not need pumping money into them" I think these allow such cool projects like yours. Not the next Google, but not everything needs to be
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It's probably always a good choice if you can afford it
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AFAIK you monetized rather late with your exclusive cooperation, correct? In hindsight do you think an app would have been the better choice? Or would that have distracted you from R&D? (Overhead app dev, infrastructure etc, different "goal")
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We were working on an app originally- a colorization model that worked (well!) directly on >= iPhone 6s. We were very close to launching it. But we like this licensing situation much better because now all the sudden we don't have to deal with a bunch of extra complications.
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That’s great stuff man! Best of luck in the future with it. It’s really cool stuff.
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I was embarking down the VC path before lockdown, then the investor suddenly disappeared. It's been tough since, and nearly didn't make it, but I am now glad I stayed on the bootstrap and organic road. As you say, research goals derailed.
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It's definitely easier said than done. Good luck!
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Excuse my lack of knowledge, but define VC money for me?! I've been following you for a few months now and very much love what you have been able to do. I was on a site and colorized some older pictures I have, what a difference that makes!!!
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