Comments on: If I had taken funding … http://www.techsoapbox.com/if-i-had-taken-funding/ Soapboxing every damn day Sat, 13 Mar 2010 22:01:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ahmed http://www.techsoapbox.com/if-i-had-taken-funding/comment-page-1/#comment-37633 Ahmed Wed, 12 Mar 2008 00:54:43 +0000 http://www.techsoapbox.com/if-i-had-taken-funding/#comment-37633 Indeed it forces us to be more agile. I should say though that in terms of cash-flow we are positive, which makes breathing a lot more easier :) Indeed it forces us to be more agile.

I should say though that in terms of cash-flow we are positive, which makes breathing a lot more easier :)

]]> By: Dave http://www.techsoapbox.com/if-i-had-taken-funding/comment-page-1/#comment-37548 Dave Tue, 11 Mar 2008 15:38:59 +0000 http://www.techsoapbox.com/if-i-had-taken-funding/#comment-37548 I completely understand your position. I jumped onto the .COM in early 2000- quit the day job and started a startup. Almopst every day we heard about our competitors getting mega-deals from investors and VCs. Yet we made the decision to focus on actually building something instead of going the same route. A year later, every single "darling" company was either out of business or a ghost of their former glory. Although it would still be a few years before we started turning a profit, we weren't burning through gobs of money (since we never had gobs of money to begin with). When you're flush with cash, you usually don't worry much about being frugal. So when the cash runs out, you're screwed because you don't know what to do. But when you start out frugally, you know how to eek out every last cent and survive the lean times. Of course, when we hit it big and become flush with cash, THEN we won't know what to do! :) I completely understand your position. I jumped onto the .COM in early 2000- quit the day job and started a startup. Almopst every day we heard about our competitors getting mega-deals from investors and VCs. Yet we made the decision to focus on actually building something instead of going the same route. A year later, every single “darling” company was either out of business or a ghost of their former glory.

Although it would still be a few years before we started turning a profit, we weren’t burning through gobs of money (since we never had gobs of money to begin with). When you’re flush with cash, you usually don’t worry much about being frugal. So when the cash runs out, you’re screwed because you don’t know what to do. But when you start out frugally, you know how to eek out every last cent and survive the lean times.

Of course, when we hit it big and become flush with cash, THEN we won’t know what to do! :)

]]> By: Andre http://www.techsoapbox.com/if-i-had-taken-funding/comment-page-1/#comment-37519 Andre Tue, 11 Mar 2008 12:31:45 +0000 http://www.techsoapbox.com/if-i-had-taken-funding/#comment-37519 yay! You're already successful, and the only way IBegin can go is up more and more. I know I always have my doubts but IBegin has come a long way since its conception and its all due to you and your passion, without it everyone would be lost. yay! You’re already successful, and the only way IBegin can go is up more and more. I know I always have my doubts but IBegin has come a long way since its conception and its all due to you and your passion, without it everyone would be lost.

]]> By: To take on or not to take on investors… at Ghost of Midnight http://www.techsoapbox.com/if-i-had-taken-funding/comment-page-1/#comment-37433 To take on or not to take on investors… at Ghost of Midnight Tue, 11 Mar 2008 01:53:27 +0000 http://www.techsoapbox.com/if-i-had-taken-funding/#comment-37433 [...] Farooq writes an interesting piece today about not taking investment money for his local review site called iBegin Source.  He says, [...] [...] Farooq writes an interesting piece today about not taking investment money for his local review site called iBegin Source.  He says, [...]

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