Can somebody explain why somewhere between Series B & C basically all VC-backed SaaS just stops shipping improvements/features to the core product?
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All good points. I am a little surprised that seemingly all companies (perhaps with exception of Stripe) still get blindsided by this. At this point it feels like your $100m funding should also include plans & people who can navigate this AND keep shipping to core product?
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You can’t just buy more people to build admin/security/scale onto a product while also going full throttle with development of new features as well. Everything is a trade off to be prioritized.
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+1. Also: once you start having real significant user/data growth it becomes hard to just keep up with the basics, especially if you haven’t stayed out ahead in hiring.
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The easiest time to build features is when you have no real users. Afterwards, it takes most companies a while & a lot of team investment to build up product execution machine again at a larger scale. I think nearly every growing software company goes through this, VC or not.
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My favorite is: "We need to localize our app for different languages" "But you said we were ever going to support only english!" Moral: Always make you app support multiple languages, even if it is only english
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So recognizable, but already before funding.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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