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by jmisavage 824 days ago
They’re such a unique company, but they’ve always fail to recognize just how unique their situation is and how most people can only dream of being so lucky.

- First you have DHH who is one of the creators of Ruby on Rails. He has a large cult-like following

- You have relatively simple projects that are profitable from day 1

- They have a series of “self-help” style books for running a business that are popular. Rework was their most popular by far.

- And when you do take on money you get an extremely unique business arrangement. Bezos invested in them early on and only became a member in a LLC. All the VCs I know make you reform as a Corp.

The only other places even remotely close to that might be Vercel and Netlify. And I only say that because of their widely popular open source projects.

https://medium.com/signal-v-noise/the-deal-jeff-bezos-got-on...

1 comments

They are rare (not unique), true, but I don't think they fail to recognize that. In fact, this post is the opposite of such failure. They're saying they're special because they choose to be--because they're clear on the tradeoffs and willing to make them.

There are plenty of other small, profitable, SAAS businesses out there, but you don't hear about them because they don't operate on the same scale (and they're not as outspoken).

There's hitting a home run, and then there's reaching home from 3rd on a sac fly. Don't confuse one for the other. It's easier to be a unicorn when you start with a horn already on your head.