asterisk2a + bootstrapping   14

Episode 30: Felix Salmon by Product Hunt
Everyone should be doing something lefty. The internet was abt that. Now its everyone wants 2 be big. Optimised. Cool things come out of waste, wasting times, free time, ... eureka effect. Lefty things are not optimised. // "We build a fucking great bridge." Nobody did back then seismic modeling. They just build a fucking great bridge that actually can carry twice the lanes/traffic, you can just put a 2nd deck on it with another 6 lanes. << build 4 prosperity. not optimised. THUS lesson, build ur business that way, 4 prosperity, pay money if u want 2 used it. Dont optimise 4 anything specifically. // Oldest Companies are still family owned. Not pressures by Wall Street 4 growth & profit. "No one is happy being profitable." "You wind up taking risks, eventually falling on your face." #growth-fetish // Venture Capital wants an exit. U put urself in that corner & have fiduciary responsibility. // If u own category/vertical u can sort of set price! & 46 oh hi there world, own platform!!!
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september 2015 by asterisk2a
#TOA15: "Enabling Rapid Growth, a CFO’s Perspective" with Lee Kirkpatrick (Twilio) - YouTube
what got u to here, will kill u as u grow larger & larger (the usual (anecdotally) start-up chaos/shit-show will suck the life out of growth/co potential later on, need 2 build foundation/base/pillars/structure in form of CFO/COO/board/HR & some kind of processes 2 follow. so ppl dont have/will reinvent the wheel again. when? u probably will know it when u see it, but still can ask seasoned people who have been through it &/or ask 4 connections though ur VC. // keep being frugal, where possible. Amazon is still being know 2 be frugal. Door desks are still alive in Seattle Offices. No perks like Google/FB. Amazon made always losses, still makes losses via e-commerce unit. Had 2 be frugal otherwise it would actually been dead long ago. // Keep things in place that help/enable 2 grow! customer obsession (inventing in the name of the customer), response, service, keep adding value/value creation. // PLAY 2 WIN! FIGURE IT OUT as u go along around ur values!
Start-Up  advice  Start-Up  lesson  CFO  CEO  Founders  co-founders  scaling  bootstraped  bootstrapping  bootstrapped  Frugal  organizational  behavior  organizational  structure  corporate  values  corporate  culture 
august 2015 by asterisk2a
Tech Stocks Rebound: Bloomberg West (Full Show 8/25) - YouTube
15:53 - you can build sw companies everywhere else. cost of living out of control as well dampens quality of life and standard of living. // lower burn rate, more time, more runway to find traction (product market fit) beyond MVP,
London  Start-up  Scene  San  Francisco  Palo  Alto  Bay  Area  Mountain  View  Oakland  Seattle  Portland  New  York  Scene  Los  Angeles  Scene  cost  of  living  cost  of  entry  cost  of  ownership  standard  of  living  living  standard  living  environment  noise  pollution  air  pollution  city  living  quality  of  life  urbanisation  urban  planning  California  public  transportation  commuting  well  being  chronic  stress  Oxidative  stress  stress  happiness  index  affordable  housing  social  housing  speculative  bubbles  speculative  speculation  Redwood  San  Jose  bootstraped  bootstrapping  bootstrapped  burn  rate  runway  Venture  Capital  growth  round  war  for  talent  lesson  advice 
august 2015 by asterisk2a
Why I'm Moving My Business From San Francisco to St. Louis | Need/Want
// one VC/Angel said, its not that you run out of money, you run out of time to find the magic that makes things for your product work, MVP, Product/Market Fit, that kick up in net promoter score, that multiple in q/q growth, etc etc. // If you’re trying to bootstrap, being based in San Francisco is awful. [ Same with London and New York followed by LA and Seattle. ] Cheap cities are startup friendly. [ don't opt for Edinburgh, if go to Glasgow or Manchester (which got already a small start-up scene plus Media City, Salford) ] We’re an internet company. We don’t need to be tied to a specific location. Hiring remote and having a distributed work force is far cheaper than hiring locally and making everyone come into an office. // &! bit.ly/1EvpTcY
San  Francisco  Palo  Alto  Mountain  View  growth  round  Google  Facebook  Venture  Capital  hunt  for  yield  Silicon  Valley  barriers  to  entry  cost  of  living  cost  of  entry  burn  rate  runway  Start-Up  lesson  Start-Up  advice  Seed  Angel  Investor  Micro  VC  bootstraped  bootstrapping  bootstrapped  New  York  Start-Up  Scene  London  Scene  Los  Angeles  Start-Up  Scene  asset  allocation  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  Taper  Unicorn  Decacorn  2015 
august 2015 by asterisk2a
Creative young Brits are quitting London for affordable Berlin | World news | The Guardian
More and more burnt-out Londoners are embracing the laid-back cool – and much lower cost of living – of the German capital [...] Her decision to leave London was mainly a financial one. “I was working seven days a week and paying £800 for a shared flat in Lewisham. We kept moving further and further into south-east London, until I felt I needed to leave entirely. I’m part of a big exodus; I know many people who have moved from east London to south-east London and then to Berlin. [...] Agora is one of many “co-working hubs” that have sprung up in the city, created for the ever-growing startup community (by 2020 an estimated 100,000 jobs are set to be generated by Berlin startups). Agora is one of many expat bubbles, catering to the ever-growing number of digital nomads. [...] I was just exhausted all the time. You go home to your expensive flat, but end up just sleeping in it, and then go back to work. There’s just more time here.” [...] In London, its office work, bars, sleep, repeat.
Manchester  Europe  Start-Up  Scene  ecosystem  Berlin  Start-Up  Scene  London  Scene  affordable  housing  quality  of  life  noise  pollution  air  pollution  well  being  happiness  index  chronic  stress  housing  market  social  housing  UK  living-standard  living  environment  standard  of  living  city  living  urbanisation  work  environment  4-day  work  week  6-hour  work  day  Start-Up  advice  barriers  to  entry  cost  of  living  cost  of  entry  Start-Up  lesson  San  Francisco  bootstraped  bootstrapping  bootstrapped  Silicon  Valley  New  York  Start-Up  Scene  Los  Angeles  Start-Up  Scene  Palo  Alto  Mountain  View 
august 2015 by asterisk2a
CEO Supper Club: Why Box.net's Aaron Levie Has So Much Gray Hair - YouTube
3:00 - when you are profitable and bootstrapped, you have the bigger lever to negotiate a growth round "make us your best offer."
bootstraped  bootstrapping  bootstrapped  Venture  Capital  Start-Up  lesson  Start-Up  advice  termsheet  growth  round 
april 2015 by asterisk2a
Bootstrapping Is The New Seed | TechCrunch
With a 10 percent startup success rate, the decision to bootstrap means that your plan of execution needs to be as tight as possible. // Focus - Build something people want (fix your internal need) - Know Your Customers Better Than Anyone Else (Feedback loop w customer, 1000 true fans, delighting them every time and exceeding their expectations) - Build a Predictable Lead-Gen Channel (analytics) - Know How Much You’re Worth (there is a price point for every product to sell much and make much and to sell less and still make much, it also reflects on your worth, and also if cheap invites certain kind of customers. Tim Ferriss talks about this in one of his podcasts. Pricing.)
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  execution  bootstrapped  bootstraped  bootstrapping 
march 2015 by asterisk2a
Andreessen: High burn rates risk more than just running out of cash | PandoDaily
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september 2014 by asterisk2a
Winter Is (Probably) Coming (Soon) | TechCrunch
"The more you boost your burn, the more risk you take on. [...] The underlying point of Gurley’s and Wilson’s respective riffs is that many companies will have to reduce their burn in the future. And it won’t be easy. And the pair likely won’t be willing to give larger sums to companies that just torched their prior round in ways that they didn’t precisely approve of. Cash is the oxygen of business. When it runs out, the company dies." ... being nimble, frugal, Lean, conservative ... via https://news.ycombinator.com/item?id=8338411
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Burn Baby Burn – AVC
From one of the comments: "f you're backing companies that have bootstrapped their start, you get a different, focussed culture & attitude on burn rates and costs. It forces you to think twice about every cost item. You're running as fast as you can to get traction, customers, product, team, everything aligned within tight costs. It's not about frugality but more aligned to reality. " +++ via https://news.ycombinator.com/item?id=8324047 +++ !!! Fancy Offices - bit.ly/1piSnxO +++ !!! +++ "Gurley and Wilson point to sky high burn rates, not valuations as the red flag in Silicon Valley [...] Gurley and Wilson are lamenting the exorbitant burn rates that have become the norm among venture-backed startups and the lack of fear and accountability signaled by this hyper-aggressive approach." - bit.ly/1m93G0M +++ !!! +++ bit.ly/YQY2WS +++ !!! +++ "Which VCs Have the Most Portfolio Companies with $100M+ of Funding?" - bit.ly/1wo7BHF
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a

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