@paulg Other founders tease (jokingly) for being such a rebel for in the Valley. But can be easier to woo paying customers than investors.
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@jenny8lee You of all people will be pleased to hear that this is Steele's advice on raillery: https://goo.gl/zbrWxO -
@paulg Lovely. How are the kids? Latest trick they've learned? -
@jenny8lee Excellent. Using rubber bands as belt drives and swimming with flippers respectively.
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@paulg at Discourse, we run our company the old fashioned way, via happy customers paying us actual money. Seed money, though, is very easy. -
@paulg I find the Series A crunch to be deeply true: http://firstround.com/review/what-the-seed-funding-boom-means-for-raising-a-series-a/ … Good news, more money for experiments! Bad news: A is real hard.
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@paulg My theory is that it's because funding normally comes with a valuation # and that's a definitive "score" to measure progress by. - 1 more reply
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@paulg that's why some of these companies make such great shorts once they go public...the focus has been only fundraising and growthThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg not just strange, also unfortunateThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@pmarca@jenny8lee yep, no VC over here.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Assuming positive gross margin, yes. In today's startup world, that is not necessarily a fair assumption.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg You always hear ppl say when you're raising money, you can't do anything else. You rarely ever hear someone say that about making it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg accelerators & StartUps are always announcing funding. & "rounds" ... Let's start announcing revenue milestonesThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@jenny8lee very true on gripping founders..to the point of inversing why you started the venture in the first placeThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@jenny8lee Gee. I wonder why it seems like it gets such a grip in SoCal? Demo days after 3 months instead of building a business?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg maybe that's because (my theory) tech blogging itself is so dilutive that we come to believe funding is the story, and only story.Thanks. Twitter will use this to make your timeline better. UndoUndo
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