Re:Is the Lean Startup Dead?
by trhway on Wednesday September 05, 2018 @04:04PM
(#17921434)
current business model - $50M (pretty lean by today standards) VC investment with ratchet (it is the key element here) to $150M, do something SaaS-y and hire 50-100 people, in a 1-2 years if it isn't becoming a unicorn then sell it at least for $150M+ (a crowd of 50-100 engineers plus whatever they spent these 1-2 years on) to one of a BigCo with FOMO syndrome wrt. latest tech trend. Tripling money in 1-2 years is not a failure, it is more like SV equivalent of break-even, and it keeps you in the game of unicorn hunting.
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Relatedly, and I don't know if this is actually valuable, but if you build a strong engineering or product team, I could see that itself being a valuable asset (not unicorn valuable, but perhaps recoup some or all investments valuable). Esp. selling to a company that does have products but not enough talent. Not the hand I'd want to play, but maybe its a thing people do?
Re:Is the Lean Startup Dead?
by InclinedPlane on Wednesday September 05, 2018 @11:31PM
(#17923696)
Don't forget the acquihire aspect as well as BigCo FOMO.