Hacker News new | ask | show | jobs
by methehack 4724 days ago
I agree that obviously they're doing a lot right. But I agree with the OP that revenue scale, organizational scale, and technical scale are all really different. It sounds like they've gone as far as they can with a handful of people. I think they're probably right that if they don't scale, someone will eat their lunch (maybe more likely after this post). I also think asking for help when you feel you are over your head is an excellent sign of some kind of maturity not everyone has.

Have you guys (talking to the OP here) thought about reaching out to 37signals for mentoring/advice? They seem to know or at least think a lot about avoiding VC and bootstrapping. They also seem very plugged in.

Part of what you guys are feeling might be the lack of support/advice/mentoring from investors. For that matter, you might consider looking at a relationship with a VC you think you can trust that doesn't involve financial investment (at least not yet). They may be willing to get involved just for mentoring without any financial obligation on the chance that when and if you do need funding they will be first in line at a shot. Maybe.

1 comments

I'd avoid 37signals. While they have bootstrapped, they haven't grown very fast, at all. 10M in 2 years is really fast, so they'd need someone who could deal with that kind of quick scale.
I think 37signals would say they've grown like they've wanted to while retaining complete control and building a company they want to keep working at. I don't think they've been after the most rapid growth possible, but sustainable growth that lets them call the shots.

That said, you totally have a point. Maybe they're not the best for consulting with for rapid, head over heals growth.

There is a case to be made here that social print studio should take investment at this point. They have product fit, and now they want a sold or dominant market position. It's a good moment for them and they could probably get pretty favorable terms. Further, they might not be able to achieve a sustainable market position without investment. That's probably the real question.