Software Engineering Radio - the podcast for professional software developers Episode 373: Joel Spolsky on Startups Growth, and Valuation
9 snips
Jul 18, 2019 AI Snips
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Two Startup Growth Mindsets
- Startups face either 'land grab' opportunities or highly competitive established markets.
- Growing fast is vital for new dominant ideas, while slow, profitable growth suits established market niches.
Raise VC with Proof Points
- Prove key milestones (e.g., product-market fit, growth, profitability) before raising venture capital.
- Each proof point increases company valuation, letting you raise more funds with less equity dilution.
Startup 'Walking Dead' and Failure
- Many startups end as 'walking dead'—profitable but with no growth or big return potential.
- Failure in startup context often just means the end of growth, not personal financial ruin or severe hardship.