Working on a problem you care deeply about with great people is already a pot of gold.
Working on a problem you care deeply about with great people is already a pot of gold. It's something that money literally cannot buy, and much harder to create than than cash in one's bank account. And as for control, maybe I should just say it explicitly: we have raised investment but are still in full control of the company (aside: it'd be nuts if we weren't at the stage), and plan to keep it that way going forward. In fact, our investors decided to invest explicitly because they believe our team is the best able to make decisions on growing a sustainable business and solving the developer platform challenges. No matter how good the VC, they obviously don't have the background+skills+focus to design APIs (and likewise shouldn't). One of our investors likes to say, "We're in your corner, but not in your kitchen," which I've always thought framed the relationship well. I know there's lots of cynicism in the tech world with buyouts/acqui-hires and swarmy VCs, so I can understand where this reaction comes from. And unfortunately I don't have a solid rebuttal other than saying "trust me" with the test of time. Clearly that doesn't work for the HN skeptics. :/ It's also worth pointing out that not all acquisitions are terrible. Google Docs came from an acquisition. So did Google Earth. Facebook continues to run Parse, and Instagram, and Beluga via FB Messenger. Sometimes these acquisitions legitimately make sense, but I think the important thing is keeping the right people in positions to make those decisions when the time comes, and not the people who are just looking for the immediate financial return.
Posted by grinich on Jul 7, 2014, 11:57 PM
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Raise real-world problems, find people facing the same issue, and discuss solutions.9,500 issues0 comments
hackernews (FinTech)
It can be a nightmare to sell a chunk of your business to outside investors.
Congrats on the move to Google!
The federal government hasn't even lifted a finger to control undergrad education costs.
Nice to see someone addressing this annoying problem, I'm seeing first hand bot traffic go up as they are just gobbling up data.
Why is there no standardized e-ID in the US?
There's an unmet need in social networks for "identity verified and protected", wherein the social network proves to a reasonable^ degree...
The reason to create a new category is because the current categories don't solve the problem for a specific target audience.
Unfortunately in the enterprise, the purchasing decision maker is usually not the user, and may not even use the invoice screen before de...
Working on a problem you care deeply about with great people is already a pot of gold.
Working on a problem you care deeply about with great people is already a pot of gold. It's something that money literally cannot buy, and much harder to create than than cash in one's bank account. And as for control, maybe I should just say it explicitly: we have raised investment but are still in full control of the company (aside: it'd be nuts if we weren't at the stage), and plan to keep it that way going forward. In fact, our investors decided to invest explicitly because they believe our team is the best able to make decisions on growing a sustainable business and solving the developer platform challenges. No matter how good the VC, they obviously don't have the background+skills+focus to design APIs (and likewise shouldn't). One of our investors likes to say, "We're in your corner, but not in your kitchen," which I've always thought framed the relationship well. I know there's lots of cynicism in the tech world with buyouts/acqui-hires and swarmy VCs, so I can understand where this reaction comes from. And unfortunately I don't have a solid rebuttal other than saying "trust me" with the test of time. Clearly that doesn't work for the HN skeptics. :/ It's also worth pointing out that not all acquisitions are terrible. Google Docs came from an acquisition. So did Google Earth. Facebook continues to run Parse, and Instagram, and Beluga via FB Messenger. Sometimes these acquisitions legitimately make sense, but I think the important thing is keeping the right people in positions to make those decisions when the time comes, and not the people who are just looking for the immediate financial return.
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